ETH is set to surge to $18,000, is it possible? Here’s what analyst Gert van Lagen predicts!

Jakarta, Pintu News – Ethereum ETH5.04%->Current ETH PriceRp 29.580.8665.04%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072 seems to be gearing up for a major surge thanks to the formation of a complex Inverse Head and Shoulders (iH&S) pattern on its weekly chart. This technical pattern indicates that the price of Ethereum (ETH) has the potential to experience a significant increase.

Crypto analyst, Gert van Lagen, has predicted that Ethereum (ETH) could reach a target price of up to $18,000. This prediction comes even though Ethereum (ETH) has experienced a sharp decline from its previous highs.

Inverse Head & Shoulders Formation

Ethereum (ETH) has undergone a long period of consolidation after the crypto market experienced a lot of turmoil. Although the value of Ethereum (ETH) has dropped dramatically, analyst Gert van Lagen remains optimistic about the potential price increase.

The Inverse Head and Shoulders (iH&S) pattern formed suggests that there is a high probability for a significant price recovery. If Ethereum (ETH) manages to cross the $3,978 resistance level with strong volume, this pattern will be confirmed, opening up opportunities for a rally towards $18,000.

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Strong Support for $1,800 – $2,000 Range

Recently, Ethereum (ETH) managed to bounce off the $1,800 – $2,000 support range, which previously served as resistance during the ‘Head’ phase of the iH&S pattern. The reconfirmation of this range signals that Ethereum (ETH) may have entered the final stage of its trend reversal.

With this strong support, Ethereum (ETH) is set to reach a new price record. However, if Ethereum (ETH) fails to break through those resistance levels, there could be a long consolidation or significant price drawdown before the next breakout attempt.

Price Predictions: Downside and Upside Potential

According to Gert van Lagen’s prediction, if Ethereum (ETH) is rejected at the resistance area, the price could drop to $1,888, an important support level that could prevent further declines. A drop to this support would represent a potential 52% drop from the key resistance level and an 8.52% drop from the current market value of $2,055. However, if Ethereum (ETH) manages to cross the resistance, a target of $18,000 is not out of the question.

A Bright Future for Ethereum (ETH)

With all technical indications and market support, the future of Ethereum (ETH) looks bright. Although there are some hurdles to overcome, the potential to reach much higher prices is very much open. Investors and market watchers should continue to monitor the key levels mentioned to take informed investment decisions.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Forms Complex IHS Structure. Accessed on March 27, 2025
• Featured Image: Bitcoin Census