Analysts predict Ethereum growth to $ 7000

Ethereum ETH $2,061.78 Bridged Ether (StarkGate) 7.02% Market capitalization $49.84 million VOL. 24 hours $4.56 billion has been in the spotlight of analysts this week: new technical observations indicate the possible formation of an inverse head-and-shoulders pattern on the weekly chart and the approach of the RSI indicator to historical lows. The combination of these signals is seen as a potential basis for a long-term market reversal.

According to TradingView data published by Bitcoinsensus analyst, an inverse head-and-shoulders pattern began to form after a long decline. The left shoulder appeared in mid-2024, the «head» was at a deeper low in early 2025, and the current rebound at the start of 2026 may form the right shoulder. At the same time, the pattern remains incomplete, as the price is still below a key resistance level.

Ethereum continues to test the neckline zone drawn through several weekly highs. Previous breakout attempts have stopped here, so this level is now the main benchmark for confirming or denying the pattern. Only a confident move higher will allow us to talk about the completion of the pattern.

Technical analysis also shows a possible scenario in the event of a breakout of the neckline: the measured movement from the head to the neckline is projected upwards and points to a target of $ 7,000. However, the right shoulder remains conditional, as the price has not yet consolidated above the resistance zone.

Analyst James Easton added that Ethereum’s 14-day RSI is approaching historically low levels. He said that he is ready to hold his position even in the event of a further decline and is considering the prospect of moving to $ 10,000, calling the current period crucial for long-term investors.