Cryptocurrency analysts predict Ethereum growth to $ 21,000

Ethereum ETH $4,487.31 Bridged Ether (StarkGate) 0.07% Market capitalization $0.1 billion VOL. 24 hours $1.77 billion is at a crucial stage that could determine the market’s further development. According to an analyst under the nickname The Crypto GEM, the four-year symmetrical triangle on the chart creates conditions for a major breakthrough that could raise the value of ETH to $ 21,000. Currently, the cryptocurrency has consolidated above $ 4,000, rising to $ 4,950 and testing the previous resistance level as a new support.

The key level of protection is now the $ 3,900 zone, where buyer activity is expected. In the event of a deeper correction, Ethereum may fall to $ 3,700, but the $ 3,700-$ 3,900 range is seen as the foundation for recovery. If this milestone holds, the first major growth target is set at $ 5,900. If it is overcome, the way is open for a much more powerful upward movement.

According to technical analysis, the large-scale triangle pattern forms a long-term target of $ 21,000, which the market could test by the end of the year if the momentum continues. This makes the current moment one of the most promising for cryptocurrencies in recent years.

At the same time, a serious threat is emerging for sellers: more than $ 10 billion in short positions are at risk of liquidation if the ETH price rises by 10%. Coinglass data shows that the largest clusters of liquidations are concentrated in the range of $ 4,100-$ 4,400 on Binance, OKX, and Bybit. A breakout of this level could trigger an avalanche of closing positions, forcing traders to redeem the coin at higher prices.

At the same time, the pressure of liquidations on long positions has noticeably decreased: market participants have reduced their risky bets on growth, while short positions remain significant. This imbalance makes the fall limited, while the breakout to the upside could accelerate sharply. Even a relatively small increase can trigger a chain reaction that will push Ethereum to the largest rally in recent years.