ETH Price Predicted by Analysts to Break Rp299 Million in the Last Impulse Wave, When?

Jakarta, Pintu News – The price of Ethereum (ETH), the second-largest cryptocurrency asset, has again shown remarkable bullish strength, surpassing the $4,500 threshold and is now only 9% away from its previous all-time high (ATH).

In the midst of this rally, renowned technical analysts, using the Elliott Wave theory, projected fantastic price targets in the range of $9,000 to $18,000 (approximately Rp149.6 Million to Rp299.2 Million at an exchange rate of Rp16,623 per USD). This ambitious prediction is based on the belief that ETH is entering thefinal impulse wave in its bull market cycle.

Analyzing Final Impulse Wave Based on Elliott Wave Theory

Elliott Wave Theory is a technical analysis method that views market price movements in the form of wave cycles, where bullish trends typically consist of fiveimpulse waves followed by three correction waves. Some senior technical analysts, as quoted from NewsBTC and Binance Square reports, believe that Ethereum has completed its main correction wave and is now preparing to start Wave V or the last impulse wave.

This analysis shows that the current surge in ETH prices is forming sub-wave C of wave V. Sub-wave A has successfully broken through important resistance around $3,650, and after a brief correction in sub-wave B, the market is now poised for the final push in sub-wave C. A break above the previous ATH near $5,000 is considered very important as it will remove a major psychological resistance and validate the start of this last impulse wave.

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Fantastic Target: Rp299 Million Based on Fibonacci Extension

The projected price target of $18,000 (approximately $299.2 Million) is based on Fibonacci extension calculations applied to ETH‘s Elliott Wave structure. This ambitious target puts Ethereum on track to multiply its previous ATH value several times over. Analysts emphasize that these targets are not guarantees, but are the result of mathematical projections based on historical wave behavior.

In addition to those extreme targets, other analysts set more conservative short-term targets in the range of $7,000 to $8,000 for this cycle, as also mentioned in the NewsBTC report. However, the main consensus is that Ethereum ‘s ability to cross the $5,000 mark is the key determinant. If ETH manages to maintain this bullish momentum, the $15 , 000 by 2030 projection of some investment firms could be achieved, supported by technical advancements and network adoption.

Fundamentals Favoring Ethereum’s Long-Term Rise

Although Elliott Wave analysis is based on technical factors, Ethereum’ s fantastic rise is also supported by strong fundamentals. Ethereum continues to be the main platform for Decentralized Finance(DeFi), Non-Fungible Tokens(NFTs), and most cryptocurrency activity in the world. Ongoing network upgrades, such as the upcoming Dencun and Pectra, aim to reduce transaction fees(gas fees) and increase scalability, strengthening ETH’s dominant position.

Moreover, an increasingly loose global liquidity scenario, as predicted by luminaries like Arthur Hayes, will also drive capital into ETH. Since Ethereum is the foundation for stablecoins and many financial applications, it benefits directly from the expansion of liquidity in the crypto ecosystem. The combination of extremely bullish technical analysis and maturing network fundamentals makes Ethereum ‘s prospects for a high price target even more realistic.

Also Read: 5 Reasons XRP Could Hit IDR66,000 by the End of 2025: ETFs, Fed, & Crypto Market Momentum

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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. Crypto trading activities are subject to 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:

• TradingView News. Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000. Accessed October 3, 2025.