Crypto Analyst Just Predicted Multiple Bullish Price Targets for Ethereum (ETH), But Expects a major decline towards critical support levels first before a strong rise towards $6,000. From there, he outlines a road map to much higher goals, with $24,000 set as the ultimate parabolic zone. The analyst based his bullish projections on the likelihood that Ethereum could break out of a crucial multi-year channel and move higher with strong momentum.
Analyst forecasts Ethereum price target of $1,700 to $6,000
Celal Kucuker, crypto analyst at X, presented a new bullish outlook for Ethereum on May 9, depicting a stable trend long-term roadmap to an ultimate goal above $24,000. Before this predicted uptrend begins, the analyst predicts a potential decline to a price level he calls Ethereum’s “mega support zone.”
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Kucuker pegged this critical support between $1,760 and $1,800, likely expecting ETH to drop to this level and form a strong enough base to set the stage for a new potential bullish rally. In this zone, the analyst predicts that Ethereum could reverse sharply and potentially experience its first major breakout level around $4,800, or about 3% from recovery. its all-time high is above $4,900 in August 2025.
The analyst depicted these movements on the attached chart, showing that prices are moving inside an ascending channel pattern that has been forming since 2020. After reaching $4,900, he predicts that the Ethereum Price Could Break Out from the channel’s upper trendline and is rising sharply towards $6,000, representing an increase of over 160% from Ethereum’s current price 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 expected to change as chart-based barriers break down. Usually, a psychological target attracts market attention, such as when Ethereum hit $2,000 or $4,000. This is an area that tends to attract sellers and buyers, creating high volume that could lead to a stronger upward push.
$24,000 set as ultimate parabolic goal
After reaching $6,000, Kucuker expects Ethereum to set its sights on the bull’s next target about $13,000. He calls this upper range a “cycle extension target,” suggesting that Ethereum’s projected 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 target is reached, the cryptocurrency is expected to experience a short-term correction towards the upper trendline again. After hitting bottom in this area, Kucuker predicts that Ethereum could record an explosive price rise around $24,443. He called this price level a full parabolic target for ETH, marking the timeline of this area around 2028 on his chart.
Featured image created with Dall.E, chart from Tradingview.com
