Ether (ETH) was trading near levels that had previously marked market bottoms as classic chart patterns suggested a possible rise to $5,000.

Key takeaways:

• The price of ether was closer to the realized price, which has been a buying opportunity in the past that has led to significant gains.

• V-shaped and falling wedge recovery patterns are emerging, targeting the ETH price at $5,000.

The ether price is ready for a parabolic rally

The ETH/USD pair fell 45% to multi-month lows of $2,621 on November 21 from a high of $4,758 reached on October 7.

As a result of this decline, the price dropped close to the actual price of whales holding over 100,000 ETH, as shown in the chart below.

This refers to the average price that all current holders of over 100,000 ETH paid to purchase Ether.

Related: Ethereum Network Sees Fees Drop by 62%: Is ETH Price at Risk?

“Only four times in the last five years has ETH traded very close to the realized price of whales holding at least 100,000 ETH.” he said The CryptoQuant Onchain analyst added in his latest Quicktake analysis:

“Two occurred during the 2022 bear market and the other two occurred this year.”

In April, the price of ETH rebounded from this level, rising 260% to its current all-time high of $5,000.

“$ETH is currently trading at the price realized by the largest holders” he said analyst Quentin Francois in a recent post on X, adding:

“This is historically a buying opportunity.”

Ether price bounced off this trend line on November 22, and on Friday it was up 23.5% at $3,238.

If history repeats itself, ETH could surge as high as $5,000, driven by increased demand from Ethereum treasuries and the return of spot ETF inflows.

Ether technical charts show an ETH price of $5,000

Ether technical prices are painting a V-shaped recovery pattern on the weekly chart, as shown below.

ETH retests the 50-week straightforward moving average (SMA) at $3,300. Bulls need to push the price above this level to augment the chances of the price rising to the neckline at $4,955 and completing the V-shaped pattern.

Such a move would represent a 53% augment over the current price.

Several analysts said that ETH has the potential to rise to $5,000 in 2026, and Satoshi Flipper saying a falling wedge pattern predicts a massive altcoin breakout.

“$4,800 ETH is closer than most think.”

As reported by Cointelegraph, the inverse Ether-head-and-shoulders (IH&S) pattern against Bitcoin (BTC) indicates a potential augment of 80% in 2026, which will translate the ETH price above $5,800.

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