Ethereum ($ETH) is currently testing a resistance level that it has only breached twice prior, in 2021 and around 2025. Trader Crypto Patel refers to this situation as “the most significant breakout opportunity” for the cryptocurrency.
In a chart shared on Friday, Patel outlined a potential trajectory leading to $5,000, followed by $10,000 and then $15,000, should the resistance line be broken. This comes as $ETH trades near $2,500, still considerably below its all-time high.
Analyzing the Chart for a $15K Prediction
“$ETH is retesting a resistance zone that has been significant for years, marking its third attempt after maintaining long-term accumulation support,” explained Patel while presenting a chart that illustrated a descending trendline from 2018 to 2021, characterized by three lower highs before $ETH surged during that year’s rally.
This horizontal resistance limited price movements at the peak of 2021 and nearly in 2025, and the current assessment marks the third interaction with that resistance line.
Below this line, a broad range deemed the “Best Accumulation Zone” has effectively captured every major pullback since then, with a rising trendline that $ETH currently sits just above, at around $2,460 according to the chart analysis.
The pathway towards the higher targets is more detailed than the simplified $5K, $10K, $15K notation in Patel’s post suggests. The chart indicates $3,270 and $4,892 as the initial levels, with $5,500 also highlighted before the route clears for $10,000 and subsequently $15,000.
As of the latest update, the price of $ETH had seen little fluctuation over the past 24 hours, reflecting a 1% decrease over the week and remaining approximately 44% less than its trading value from a year prior. However, it displayed a monthly increase of 31%, which still leaves it around 50% beneath its all-time peak in August 2025.
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The trading volume surged nearly 28% in the past 24 hours, approaching $16.3 billion, indicating increased activity around the level Patel is monitoring.
Market Analysts Divided on Direction
Analyst NoName, in a post on Thursday, shared a differing viewpoint, noting that $ETH has just completed a Wave 3 impulsive movement and suggested that “the next phase of the pattern should involve a Wave 4 correction.”
They highlighted $2,324 as the initial support level to observe, with a potential bounce to the range of $2,784 to $2,966 if buyers manage to protect this area, or a decline towards the $2,112 to $2,222 range if it fails to hold. A daily close below $2,050 would invalidate this hypothesis altogether.
Other market analysts have also been attentive to the $2,500 to $2,550 zone, with some anticipating a rise towards $3,000 following a robust weekly close above resistance, while others foresee a potential drop back to $2,000 initially.