A crypto analyst has just predicted multiple bullish price targets for Ethereum (ETH), but expecting <\/span>a major dip to critical support levels<\/span><\/a> first before a sharp rally toward $6,000. From there, he outlines a roadmap to much higher targets, with $24,000 set 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 advance with strong momentum.\u00a0<\/span><\/p>\n Celal Kucuker, a crypto analyst on X, <\/span>presented<\/span><\/a> a new bullish outlook for Ethereum on May 9, outlining a steady <\/span>long-term roadmap to an ultimate target<\/span><\/a> above $24,000. Before this projected bullish run begins, the analyst predicts a potential drop to a price level he calls Ethereum\u2019s \u201cmega support zone.\u201d<\/span><\/p>\n Kucuker has set this critical support at $1,760-$1,800, likely expecting ETH to decline to this level and form a strong enough base to set the stage for <\/span>a potential new bull rally<\/span><\/a>. From this area, the analyst predicts that Ethereum could reverse sharply and potentially experience its first major breakout level around $4,800, about 3% away from reclaiming <\/span>its all-time high above $4,900<\/span><\/a> in August 2025.<\/span><\/p>\n The analyst has outlined these moves on his accompanying chart, showing price moving inside an ascending channel pattern that has been forming since 2020. After reaching $4,900, he predicts that the <\/span>Ethereum price could break out<\/span><\/a> from the upper trendline of the channel and rise sharply toward $6,000, representing more than a 160% increase from Ethereum\u2019s current price of above $2,300.\u00a0<\/span><\/p>\n Kucuker described this bullish target as a \u201cpsychological and technical transition zone.\u201d This means that the upper price target is an area where <\/span>market sentiment for ETH<\/span><\/a> is expected to shift as chart-based barriers break. Usually, a psychological target is a magnet for market attention, similar to when <\/span>Ethereum reached $2,000<\/span><\/a> or $4,000. It\u2019s an area that tends to attract sellers and buyers, creating high volume that could lead to a stronger push upward.\u00a0\u00a0<\/span><\/p>\n After reaching $6,000, Kucuker expects Ethereum to set its sights on <\/span>the next bull target<\/span><\/a> around $13,000. He calls this upper range a \u201ccycle extension target,\u201d suggesting that Ethereum\u2019s projected bull market could last much longer and reach valuations driven by extreme momentum or price discovery phases.\u00a0<\/span><\/p>\n The chart shows Ethereum consolidating around $6,000 for a while before shooting toward $13,000. Once this target is reached, the cryptocurrency is projected to experience a short-term correction back to the upper trendline again. After bottoming in this area, Kucuker predicts Ethereum could record <\/span>an explosive price rally<\/span><\/a> toward $24,443. He called this price point a full parabolic target for ETH, marking the timeline of this area around 2028 on his chart.\u00a0<\/span><\/p>\n Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" A crypto analyst has just predicted multiple bullish price targets for Ethereum (ETH), but expecting a major dip to critical support levels first before a sharp rally toward $6,000. From there, he outlines a roadmap to much higher targets, with $24,000 set as the ultimate parabolic zone. The analyst has based his bullish projections on […]<\/p>\n","protected":false},"author":2,"featured_media":426995,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-426987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=426987"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426987\/revisions"}],"predecessor-version":[{"id":427001,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426987\/revisions\/427001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426995"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Analyst Forecasts Ethereum Price Target Of $1,700 To $6,000<\/h2>\n
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$24,000 Set As Ultimate Parabolic Target<\/h2>\n
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