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 the likelihood that Ethereum can break out of a crucial multi-year channel and advance with strong momentum. Analyst Forecasts Ethereum Price Target Of $1,700 To $6,000 Celal Kucuker, a crypto analyst on X, presented a new bullish outlook for Ethereum on May 9, outlining a steady long-term roadmap to an ultimate target above $24,000. Before this projected bullish run begins, the analyst predicts a potential drop to a price level he calls Ethereum’s “mega support zone.” Related Reading: Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There? 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 a potential new bull rally. 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 its all-time high above $4,900 in August 2025. 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 Ethereum price could break out from the upper trendline of the channel and rise sharply toward $6,000, representing more than a 160% increase from Ethereum’s current price of above $2,300. Kucuker described this bullish target as a “psychological and technical transition zone.” This means that the upper price target is an area where market sentiment for ETH is expected to shift as chart-based barriers break. Usually, a psychological target is a magnet for market attention, similar to when Ethereum reached $2,000 or $4,000. It’s an area that tends to attract sellers and buyers, creating high volume that could lead to a stronger push upward. $24,000 Set As Ultimate Parabolic Target After reaching $6,000, Kucuker expects Ethereum to set its sights on the next bull target around $13,000. He calls this upper range a “cycle extension target,” suggesting that Ethereum’s projected bull market could last much longer and reach valuations driven by extreme momentum or price discovery phases. Related Reading: Ripple’s $12.5 Trillion Claim: How Does XRP Fit Into 13,000 Banks? 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 an explosive price rally 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. Featured image created with Dall.E, chart from Tradingview.com
