Summary: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time

Ethereum: Poised for Historic Gains? Leading crypto analysts are buzzing with anticipation as Ethereum (ETH) appears to be mirroring a critical price pattern from its past that led to explosive growth. According to Crypto Bullet, ETH has shown an impressive recovery and is now forming a "Descending Broadening Wedge" pattern, remarkably similar to its trajectory between 2019 and 2020. During that period, this very pattern propelled Ethereum from a modest $180 to a robust $700 in just six months. Analysts are confident that ETH is on the verge of breaking past its current resistance level around $3,700, which would signal the start of a new all-time high (ATH). The next immediate target is pegged at $4,900, with ambitious cycle top predictions ranging between $8,000 and $10,000. While a short-term 10-15% pullback might occur, it's seen as a brief pause before the significant breakout. Echoing this bullish sentiment, Mikybull Crypto forecasts ETH reaching $10,000 before this market cycle concludes, ushering in an "euphoria stage." Meanwhile, analyst Ted suggests ETH is still in a correction phase after a substantial 70% rally from its April 2025 lows, predicting sideways accumulation before a decisive move above $4,100. This breakout, he warns, will ignite the "most violent rally," potentially pushing ETH to $7,000 initially, with long-term targets soaring to $14,000, $41,000, and even $92,000. Currently trading around $3,563, down slightly in the last 24 hours, Ethereum stands at a pivotal juncture, potentially ready to relive a period of historic price appreciation. Investors are closely watching for the confirmation of this pattern, which could unlock unprecedented gains for the second-largest cryptocurrency.