Ethereum to $5,600? Top Analyst Reveals When ETH Could Hit This Bullish Target

Ethereum bulls, buckle up—a prominent crypto pundit just dropped a bombshell price prediction. According to their analysis, ETH could skyrocket to $5,600 sooner than most traders expect.

Here’s the breakdown:

The Road to $5,600

While skeptics dismiss crypto forecasts as guesswork, this analyst’s track record demands attention. Their model factors in institutional adoption, Ethereum’s deflationary supply post-Merge, and a potential ETF greenlight—all fuel for a parabolic move.

Timing the Rally

No crystal ball needed. The prediction hinges on historical cycles and on-chain metrics pointing to late 2025 as ETH’s next bull run peak. Of course, Wall Street will pretend they saw it coming—right after they finish shorting it.

One thing’s certain: if this plays out, ETH holders will be laughing all the way to the decentralized bank.

Ethereum ChartEthereum Chart Other major holders include Sharplink at $1.62 billion with 438,200 ETH and the ethereum Foundation with $863 million. Notably, the U.S. government ranks 12th in ETH holdings. The report notes that public companies are actively buying Ethereum at what they believe are favorable price levels. The buying activity is described as part of a race among institutions to secure ETH before prices move higher. Historic Trends Show August Gains for ETH Ethereum’s performance in the months following a Bitcoin halving has historically been positive. Altcoin Daily quoted analyst Alek, noting that, on average, Ethereum gained more than 64.2% in August during these periods. Despite currently trading below $4,000, Ethereum has faced resistance around $3,800 multiple times. If it breaks above this level, Altcoin Daily believes the price could follow previous breakout patterns that took ETH over $2,000. Applying that same pattern forward, ETH could potentially reach $5,600 by November. Meanwhile, Benjamin Cowen had earlier highlighted a reason Ethereum has not crossed $4,000. Cowen noted ETH has failed to break this level three times since 2024 due to skipping a key support retest. However, he noted that this changed in April 2025 when Ethereum dropped to $1,385, touching its 400-week moving average. After that, ETH surged 178%, now eyeing a breakout. Notably, Ethereum trades at $3,617, a 1.9% rise in the past day, increasing its monthly gain to 43.5%.  Chart Analysis Supports Ethereum Bullish Momentum The video includes an analysis of Ethereum’s trading behavior, pointing to repeated resistance at around $3,800 and support near $2,200. Altcoin Daily suggests that Ethereum is forming a breakout pattern similar to earlier rallies. The host cited analyst Ted, arguing that ETH is undervalued below $4,000, especially considering increased network activity and tightening supply. He made a comparison to assets like the S&P 500 and Bitcoin to show how assets tend to consolidate at resistance before breaking out. Benjamin Cowen Cautions on Treasury Buying Narrative While Altcoin Daily is optimistic, chart analyst Benjamin Cowen, speaking on Bankless, presented a more cautious perspective. He warned that the current ETH treasury trend could be pulling demand forward.  According to Cowen, while the surge in institutional buying may push Ethereum to new highs, it could also exhaust demand later, potentially triggering a market reversal.  Cowen also raised concerns about altcoin projects attempting to replicate Ethereum’s treasury accumulation strategy, which could lead to failures if not managed responsibly.