A crypto analyst just predicted several bullish price targets for Ethereum (ETH), but expect that a big dip to critical support levels first before a sharp rally towards $6,000. From there, he lays out a roadmap to much higher goals, with $24,000 as the ultimate parabolic zone. The analyst has based his bullish projections on the likelihood that Ethereum can break out of a crucial multi-year channel and move forward with strong momentum.
Analysts predict an Ethereum price target of $1,700 to $6,000
Celal Kucuker, a crypto analyst at X, presented a new bullish outlook for Ethereum on May 9, painting a stable situation long-term roadmap to an ultimate goal above $24,000. Before this expected bullish run begins, the analyst predicts a potential decline to a price level he calls Ethereum’s “mega support zone.”
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Kucuker has identified this critical support at $1,760-$1,800, likely expecting ETH to fall to this level and form a strong enough base to pave the way for a potential new bull rally. From this area, the analyst predicts that Ethereum could reverse sharply and possibly experience its first major breakout around $4,800, about 3% away from regaining all-time high above $4,900 in August 2025.
The analyst has outlined these moves on his accompanying chart, showing that the price is moving within a rising channel pattern that has formed since 2020. After reaching $4,900, he predicts that the Ethereum price could breakout from the channel’s upper trendline and rising sharply towards $6,000, representing an increase of over 160% from Ethereum’s current price of above $2,300.
Kucuker described this bullish target as a “psychological and technical transition zone.” This means that the upper price target is an area where market sentiment for ETH is expected to change as card-based barriers break down. Typically, a psychological target is a magnet for market attention, similar to when Ethereum reached $2,000 or $4,000. It is an area that tends to attract sellers and buyers, creating high volume that could lead to stronger upward pressure.
$24,000 set as ultimate parabolic target
After reaching $6,000, Kucuker expects Ethereum to set its sights the next bull target about $13,000. He calls this higher range a “cycle extension target,” suggesting that Ethereum’s expected bull market could last much longer and reach valuations driven by extreme momentum or price discovery phases.
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The chart shows Ethereum consolidating around $6,000 for a while before shooting towards $13,000. Once this goal is achieved, the cryptocurrency is expected to undergo another short-term correction back to the upper trendline. After bottoming out in this area, Kucuker predicts that Ethereum could post an all-time high an explosive price increase towards $24,443. He called this price point a completely parabolic target for ETH and marked the timeline of this area around 2028 on his chart.
Featured image created with Dall.E, chart from Tradingview.com