Ethereum (ETH) could rally to $20,000 or more in the current market cycle, according to pseudonymous analyst CrediBULL Crypto, who has reiterated a prediction he first made when the asset was trading near $1,500.
The trader believes Ethereum is completing a multi-year accumulation phase against Bitcoin (BTC), setting the stage for what he sees as its first major bull run since 2017.
Why the Analyst Expects a $20K ETH
Responding to another market commentator’s prediction that ETH could reach $10,000, CrediBULL doubled down with a “$20K+” forecast, pointing to a detailed video analysis rather than treating the target as mere speculation.
In the video, the analyst argued that $10,000 represents a conservative target, while a move to $20,000 remains well within reason.
“I’ve always said $10K is the absolute minimum. I think $20K is realistic. I’m not saying it’s guaranteed, but it’s a very reasonable target.”
According to CrediBULL, Ethereum has spent several years lagging behind Bitcoin, pushing sentiment to levels typically associated with market bottoms. He believes the ETH/BTC chart has now entered a long-term accumulation zone after roughly four years of decline, creating the foundation for a sustained bullish trend.
Technical Structure Points to Further Upside
Looking at the ETH/USD chart, the trader said Ethereum has already completed the first stage of a broader five-wave Elliott Wave structure while continuing to hold above a key invalidation level around $1,385.
If that support remains intact, he expects the next advance to drive ETH towards $10,000 before a later wave potentially lifts the cryptocurrency beyond $20,000.
He also noted that historical ETH/BTC ratios support similar price projections, particularly if Bitcoin revisits previous record highs or extends its broader bull market.
CrediBULL compared the current setup with April last year, when Ethereum traded around similar price levels and many investors believed its cycle had ended. Instead, the asset later surged to fresh all-time highs. He argues today’s market structure shares those characteristics, with ETH maintaining support above its previous low instead of breaking below it, a signal he views as evidence that the longer-term uptrend remains intact.
Traders Split on the Forecast
Not everyone agrees with the bullish outlook.
Trader Saiyan also expects Ethereum to reach at least $10,000 this cycle, but Cheds Trading dismissed the idea outright, saying such a move is unlikely.
On the other hand, analyst Sykodelik backed the optimistic case, arguing that a five-figure ETH price should not be considered unrealistic, noting that $10,000 is only around twice Ethereum’s previous all-time high.
Ethereum’s Current Position
At the time of writing, Ethereum was trading above $1,900 after gaining nearly 4% over the previous 24 hours and roughly 24% during the past month.
Despite the recovery, ETH remains about 60% below its all-time high.
Several other analysts have also identified signs that the asset may have already formed a market bottom. Analyst NoName recently pointed to a series of four lower highs as evidence that the bear market could be over, while Ali Martinez highlighted a bullish crossover in Ethereum’s MVRV ratio.
Meanwhile, Binance funding rates have climbed to their highest level in six months. According to CryptoQuant, the increase suggests trader sentiment is improving, even though Ethereum’s price remains well below levels seen around the same period last year.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
