Ethereum Price Analysis Says Three Targets Approach for ETH: $1,600, $4,800, and $33,000

• Ethereum price analysis says three targets approach for ETH.
• These three targets include $1,600, $4,800, and $33,000.
• The lattern target is only if all euphoric pump conditions are met.

The crypto market enters the weekend slump and analysts grow weary over the fact that the price of Bitcoin (BTC), the pioneer crypto asset, has dropped back under the $80,000 and is trading in the $79,000 price range. Accordingly, the price of Ethereum (ETH), the pioneer altcoin asset, has also dipped under the $2,300 price range. One Ethereum price analysis says three targets approach for ETH: $1,600, $4,800, and $33,000.

Ethereum Price Analysis Says Three Targets Approach for ETH

Altcoin enthusiasts have been clinging to high hopes for a bullish altseason peak phase to arrive this year. This is a long-anticipated hope, for the altseason peak phase was expected to arrive in Q1 of 2025, and then in Q4 of 2025. Both times, due to market corrections and major price dips, the altseason peak phase has been repeatedly delayed, and hopes have been fighting bear market allegations since. 

The most bullish sign for a high possibility altseason peak phase now is the expectation for the 5-year supercycle to play out this year. In detail, reputed crypto and financial experts believe a continued bull market will play out, allowing BTC and altcoins to surge and hit new ATH prices this year. The setup for this is likely that the business cycle is experiencing an extension, which will affect the crypto cycle accordingly. 

$1,600, $4,800, and $33,000, What First for ETH Price?

At the moment, sentiments are high for both BTC and ETH to surge and reclaim high prices before going fully parabolic and hitting new ATH prices. So far, the expectation was for BTC to hold the $80,000 price range and then steadily move towards 6-digit prices. Unfortunately, today, the price of BTC fell back to the $79,000 price range, causing FUD. Could this be a small weekend slump, and can BTC reclaim higher prices in the new week? 

Similarly, the price of ETH tends to follow Bitcoin’s lead. Thus, due to BTC slipping below the $80,000 price range, the price of ETH has also dipped below its crucial price range at the $2,300 price range. This has led to analysts considering the idea of one final dip before a bullish upward surge for all crypto assets. According to this, one analyst breaks down the three target possibilities for ETH in the coming weeks and months ahead. 

As we can see from the post above, on the weekly time frame, ETH is still respecting the macro ‘ETH Line’ while compressing inside a massive Ascending Triangle structure. The key battle now is simple, the expert says, ETH will either see a breakdown toward the $1,600 price range or a breakout towards $4,800. The most potential euphoric breakout conditions from here could even send the price of BTC to the $33,000 price range.