CryptoProject6: ETH to rise to $ 6000

A study of the price charts of Ethereum ETH $2,491.98 Bridged Ether (StarkGate) 0.82% Market capitalization $0.15 billion VOL. 24 hours $1.34 billion and gold has revealed possible similarities in the price behavior of these assets, which could be a prerequisite for the growth of ETH’s value. An analyst with the pseudonym crypto_goos noted that the second-largest cryptocurrency by capitalization follows the pattern of gold accumulation from 2019 to 2024. According to him, Ethereum is already showing a rebound from a key low near $ 1600 and is now approaching the $ 3000−3500 resistance zone, similar to gold’s breakout above $ 2100.

Another user, CryptoProject6, drew parallels with the situation in 2016−2017, when a similar structure in the Ethereum market caused the price to rise by more than 1000%. He believes that now the support base for the asset is 100 times larger and the fundamentals are 10 times stronger. This, in his opinion, creates conditions for the potential growth of ETH to $ 5000−6000.

The golden fractal model consists of four stages: a multi-month consolidation, a sharp pullback (which forms a bear trap), a breakout of the resistance zone, and parabolic growth. According to analysts, Ethereum is currently in a rebound phase, and the next step could be a breakout in the $ 3500−4000 zone.

In addition, users of the CoinDesk platform, such as Omkar Godbole, also predict a possible rise in the price of Ethereum to $ 6000 by the end of the year. These forecasts are supported by the record inflows into Ethereum funds over the past six months — $ 1.19 billion in six weeks. The main drivers of this trend were the Pectra update and the general growth of interest in the asset.

Bernstein analysts have identified three main factors pushing Ethereum to growth: active network updates, institutional demand, and the overall macroeconomic environment. The combination of these factors strengthens confidence in Ethereum’s potential to repeat the «golden fractal» scenario with a price target of $ 6000.