A cryptocurrency analyst just predicted multiple bullish price targets for Ethereum (ETH), but expects Significant decline to critical support levels First before a sharp rise towards $6,000. From there, he sets out a roadmap to much higher goals, setting $24,000 as the final parabolic zone. The analyst based his bullish forecast on the possibility that Ethereum could break out of a critical multi-year channel and advance with strong momentum.
The analyst expects the price of Ethereum to reach $1,700 to $6,000
Celal Kokoker, Cryptocurrency Analyst at X, foot New bullish forecast for Ethereum on May 9, setting a stable trend A long-term roadmap to reach the ultimate goal More than $24,000. Before this expected uptrend begins, the analyst forecasts a possible drop to a price level that he calls the “mega support zone” for Ethereum.
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Kucuker has identified this crucial support at $1,760-$1,800 and likely expects ETH to fall to this level and form a strong enough base to pave the way for ETH. Possible new upside high. From this area, the analyst expects Ethereum price to reverse sharply and possibly face its first major breakout level around $4,800, about 3% away from a retracement. Its all-time high is above $4,900 In August 2025.
The analyst explained these movements on the accompanying chart, explaining that the price is moving within the ascending channel pattern that has been forming since 2020. After reaching $4,900, he expects that Ethereum price could break out From the upper trend line of the channel and rises sharply towards $6,000, representing an increase of more than 160% from Ethereum’s current price of over $2,300.
Kokoker described this upside target as a “psychological and technical transition zone.” This means that the upper target price is an area where… Market sentiment towards ETH It is expected to change as chart-based barriers are broken. A psychological target is usually a magnet for market attention, such as when… Ethereum has reached $2,000 Or $4000. It is an area that tends to attract buyers and sellers, creating high volume that could lead to a stronger rally.
$24,000 is set as the final parabolic target
After reaching $6,000, Kokoker expects it to set its sights on Ethereum Bull’s next target About $13,000. This upper range is called the “cycle extension target,” indicating that Ethereum’s expected bull market could last much longer and reach extreme momentum-driven valuations or price discovery phases.
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The chart shows Ethereum consolidating around $6,000 for a while before rising towards $13,000. Once this target is reached, the cryptocurrency is expected to see a short-term correction back to the upper trend line again. After hitting the bottom in this area, CoCoKer expects Ethereum to rise Explosive price rise About $24,443. He described this price point as a full parabolic target for ETH, with the timeline for this area set at around 2028 on his chart.
Featured image created with Dall.E, chart from Tradingview.com
