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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Ethereum or soar to $12,000? ETH repeats BTC 2020 fractal
With the bullish sentiment in the Crypto Assets market heating up, larger market capitalization alts have become the main beneficiaries, with Ethereum ETH's performance particularly outstanding. As the world's second-largest Crypto Asset, ETH has recently regained the $4,000 level in the past few weeks, showing continued upward potential. Some analysts even predict that ETH may repeat the fractal pattern of Bitcoin BTC in 2020, ultimately aiming for $12,000.
ETH strong breakout above 4,000 USD
Entering August, the price of Ethereum continues to rise, and on August 9, it broke the $4,000 mark for the first time since December 2024. According to CoinGecko data, ETH has risen nearly 6% in the past 24 hours, with an increase of over 25% in a week, indicating that funds and market sentiment are warming up together.
Analysts point out that this wave of increase is not a short-term rebound, but may mark the beginning of a long-term bullish market.
Analyst predicts: may pump 182% to $12,000
(Source: X, Trading View)
Anonymous crypto assets analyst Titan of Crypto posted on the X platform, pointing out that the current price trend of ETH is highly similar to the fractal of BTC in 2020.
The so-called fractal refers to the patterns that repeatedly appear in price charts, which can provide references for future trends.
Titan of Crypto believes that ETH is currently in a monthly convergence wedge pattern, which is almost identical to the structure of BTC before its breakout in 2020. That year, BTC surged to an all-time high of about $69,000 after breaking out. If ETH repeats this trend, the price is expected to rise by 182%, reaching $12,000.
Technical analysis shows fractal resonance
Technical charts show that BTC rebounded from the lower boundary of a converging wedge at the beginning of 2020, while ETH did the same at the beginning of 2025, gradually approaching the trend line in the following months.
After breaking through, BTC spent two months consolidating above the trend line, followed by a significant surge; ETH clearly broke out of the wedge pattern on the candlestick chart in August 2025. If it can continue to hold above $4,000, the future space will be greatly opened up.
Short-term and Long-term Outlook
In the short term, the bullish momentum of ETH continues to strengthen, with $4,000 becoming the new key support level. If the price continues to rise, $5,000 will be the next important psychological barrier.
In the long term, if the fractal trend holds, it is not impossible for ETH to hit $12,000 in the coming months. Market observers remind that despite the bullish technical outlook, investors still need to pay attention to external factors such as macroeconomics, encryption regulation, and market liquidity.
Conclusion
Ethereum is attracting increasing market attention after breaking through the 4,000 USD mark. Technical analysis shows that its trend is highly consistent with the BTC fractal from 2020. If history repeats itself, ETH may see a 182% pump, ultimately challenging the 12,000 USD barrier. For investors, this could be the starting point of a new bullish market, but it is also essential to maintain risk awareness amidst the optimistic sentiment.