Ethereum Primed for $9,000 Surge This Cycle as BTC Pair Eyes Explosive Breakout

Ethereum isn't just flirting with all-time highs—it's gearing up for a moonshot. Analysts now eye a staggering $9,000 price target this cycle as ETH/BTC shows its first convincing breakout in years.

The sleeping giant awakens

While Bitcoin maximalists were busy counting their Satoshis, Ethereum's infrastructure quietly ate the world. DeFi, NFTs, and now institutional staking demand have transformed ETH into a triple-threat asset—with the charts finally catching up to fundamentals.

BTC pairing tells the real story

The ETH/BTC chart matters more than USD price for crypto natives. This breakout suggests capital rotation from 'digital gold' to 'digital oil' as smart money bets on Ethereum's utility edge. Of course, Wall Street will pretend they saw it coming all along.

Just remember: $9,000 would still leave ETH cheaper than most JP Morgan analyst salary packages.

Ethereum Price Eyes Rally To $9,000 This Cycle

In an X post, Lourenço opined that the Ethereum price could rally to as high as $9,000 at some point in this market cycle. This came as he analyzed the weekly ETH chart. The analyst noted that, depending on how the trend on the upper side of the wedge is drawn, the altcoin may have already broken it with hard closes above. 

Lourenço declared that the $4,000 level is an important one and that once it flips into support, there will be additional resistance between $4,700 and $5,000. However, the analyst believes that the ethereum price is ultimately set to go and tag between $8,000 and $9,000. He also indicated that the risk-return ratio on ETH is very hard to ignore at the moment. 

Crypto analyst Galaxy also echoed a similar bullish sentiment for the Ethereum price. In an X post, he said that there is a lot of potential upside for ETH on the BTC pair. The analyst noted that the Relative Strength Index (RSI) is still bottomed and that, from his perspective, the trend is just beginning. 

His accompanying chart showed that the RSI isn’t in overbought levels despite the fact that the Ethereum price has rallied over 60% in the past month. Notably, ETH’s RSI had surged above 60 on previous highs, including when it reached its current ATH of $4,800 in 2021. 

The Key Is For ETH To Break Above $4,000

In an X post, crypto analyst Ted revealed that the key is for the Ethereum price to break above the $4,000 level. He noted that since the 2021 ATH, ETH hasn’t been able to reclaim the $4,000 level. However, if that happens this time around, he declared that the ETH pump will be “unstoppable.”

His accompanying chart showed that the Ethereum price could rally to $5,200 in the short term. This will mark a new all-time high for the altcoin. Crypto analyst Merlijn also hammered on the $4,000 resistance. He noted that this has been the ceiling for ETH since 2021, and it has been rejected from this level seven times. 

However, the Ethereum price is again looking to break above this level. Merlijn remarked that this resistance isn’t just another resistance but the “gate to price discovery.” His accompanying chart showed that ETH could reach $11,000 between now and 2026 if it breaks this resistance level. 

At the time of writing, the Ethereum price is trading at around $3,800, up in the last 24 hours, according to data from CoinMarketCap.