A cryptocurrency analyst just predicted a lot of bullish price targets for Ethereum (ETH), but he was expecting it grave decline to critical support levels first before a acute escalate towards $6,000. He then outlines a roadmap to much higher goals, with the final parabolic zone being $24,000. The analyst based his bullish forecast on the likelihood that Ethereum could break out of a key multi-year channel and expand with great momentum.

The analyst forecasts Ethereum’s target price to be between $1,700 and $6,000

Celal Kucuker, cryptocurrency analyst at X, presented fresh bullish outlook for Ethereum on May 9, defining stability a long-term action plan to achieve the ultimate goal over $24,000. Before the forecast bullish rally begins, the analyst anticipates a potential drop to a price level he calls a “mega support zone” for Ethereum.

Kucuker pegged this critical support at $1,760-$1,800, likely expecting ETH to drop to that level and form a powerful enough base to set the stage for potential fresh bull rally. Based on this area, the analyst predicts that Ethereum could reverse sharply and potentially experience its first major breakout level near $4,800, approximately 3% from recovery this is an all-time high above $4,900 in August 2025

The analyst plotted these moves on the attached chart, showing that the price is moving inside a rising channel that has been forming since 2020. Once it reaches $4,900, I predict that Etherum price may explode from the upper trendline of the channel and surge towards $6,000, which is an over 160% escalate from Ethereum’s current price of over $2,300.

Kucuker described this bullish target as a “psychological and technical transition zone.” This means that the upper price target is the area where market sentiment for ETH this is expected to change as graph-based barriers are broken down. Typically, a psychological goal is a magnet for attracting market attention, as when Ethereum has reached $2,000 or $4,000. This is an area that tends to attract sellers and buyers, creating high volume that can lead to a stronger upside momentum.

$24,000 set as the final parabolic target

Once $6,000 is reached, Kucuker expects Ethereum to focus on Ethereum bull’s next target approximately $13,000. He calls this upper range a “cycle extension target,” suggesting that Ethereum’s projected bull run could last much longer and reach valuations driven by phases of extreme momentum or price discovery.

The chart shows Ethereum consolidating around $6,000 for a while before rapidly heading towards $13,000. Once this target is achieved, the cryptocurrency is expected to once again experience a short-term correction back to the upper trendline. Once a bottom is reached in this area, Kucuker predicts that Ethereum may register explosive price escalate towards $24,443. He called this price level a fully parabolic target for ETH, marking a timeline of this area around 2028 on his chart.

Featured image created with Dall.E, chart from Tradingview.com