Optimism surrounding the price of Ethereum has not waned despite its disappointing performance over the past few years. Investors and analysts continue to strongly expect the altcoin price to rise. Crypto analyst Leshka.eth recently shared his own prediction, predicting that the price of Ethereum is destined to reach new all-time highs in 2026.
Why the price of Ethereum could increase by 400%
In the analysis, Leshka.eth highlights a trend that had already appeared in the price of Ethereum and led to an explosive rally. The trend the analyst highlights on the ETH/BTC chart began in 2016, starting with a long consolidation of Ethereum price at lower levels.
Once Ethereum price broke out of the consolidation trend, it entered what ended up being an accumulation trend. This buildup saw the price rise and fall over time, before finally hitting a low. This then led to the final part of the model, which is the rally stage. By the time the Ethereum price finished rebounding from the 2017 bull market, the price had increased by over 1,500%. This took it from $56 to peak at $1,151.
Today, this same pattern was reported by the crypto analyst, but on a much larger scale. Where the last consolidation trend lasted months, this one lasted years, starting in 2018 and ending in 2021. Then the next stage of accumulation lasted years, from 2021 to 2026.
Given the longer time frame each part of the pattern took this time around, the crypto analyst believes this would lead to a more explosive run. Added to this is the fact that institutions are buying more ETH than in the past, with the supply on exchanges decreasing day by day.
Taking all of these into account, Leshka says this sets the stage for Ethereum’s next price rally. The rally target right now is a 3-4X from here, which would put Ethereum price at a low of $6,000 and a high above $8,000. Either way, this would mean a new all-time high for the cryptocurrency. As for when this could happen, the crypto analyst expects it to happen within the next six months, so the price of ETH could reach new highs this year if it happens.
Featured image of Dall.E, chart by TradingView.com
Editorial process as Bitcoinist focuses on providing thoroughly researched, accurate and unbiased content. We follow strict sourcing standards and every page undergoes careful review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance and value of our content to our readers.
