Ethereum (ETH) to $5,650? Top Analyst Shows Fantasy Target

U.Today - With leading analysts now making the rather unconventional but visually impressive comparison that Ethereum’s recent structure resembles the 1989-1990 SPX fractal, the asset may be set for a massive price expansion. In this overlay, ETH appears to be ascending the same staircase that caused the S&P 500 to go into a bull run; however, this time the top of the stairway might indicate $5,650 per ETH.

Ethereum has a lot of momentum right now that deserves attention even though the fantasy aspect is obvious; it is a bold prediction. In a single vertical surge, ETH has crushed through several levels of resistance and exploded above the $2,300 mark on the daily chart. Above all, ETH has broken through the 100 EMA and is getting close to the 200 EMA, or roughly $2,500, which is a long-term trend reversal line.

The 50 and 100 EMAs, which serve as strong supports at about $2,100 and $2,300, respectively, are currently well below the current price. Volume validates the breakout. The recent surge in trading activity indicates that this move is supported by conviction rather than merely being a speculative pump or short squeeze. The RSI is approaching overbought territory, which is normal during momentum waves that change trends.

Ethereum will need to overcome psychological resistance at $3,000, the swing high at $3,600 and reclaim the $4,800 all-time high range in order to reach the anticipated $5,650. The macro context is changing, but those zones will not yield easily. If Ethereum keeps driving the altcoin revolution and the ETH/BTC ratio improves (as the SPX fractal suggests), the fantasy may come closer to reality.

However, this is not a given. If ETH is rejected at or close to the 200 EMA, it may return to the $2,000-$2,100 support area. Nevertheless, Ethereum’s breakout appears genuine as of right now, and the multi-month downward trend might finally end. Although the $5,650 dream has not materialized yet, the arrangement to deal with them is undoubtedly possible.

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