Will Ethereum Reach 6,000 USD This Year? Analysts Make Bold Predictions

If the anonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between two completely different futures: a historic spike to $6,000 or a disastrous drop to $1,800. Market technical experts assert that ETH is completing a massive ABCDE wave structure in a "symmetrical flag" that has lasted for years, which can only mean one thing: a breakout. The Roaring Bull Case In a recent analysis, Weslad explained that the price action of Ethereum since its all-time high of $4,851 has formed a gigantic consolidation pattern. According to him, this structure is currently approaching a critical inflection point known as wave D, testing its upper boundary. At the same time, an Inverse Head and Shoulders (IH&S) bullish pattern is forming on the daily chart, with the neckline acting as a stubborn resistance level near $2,855. This technical convergence shows a spring coiled ready to unleash tremendous energy into the market, prompting analysts to state clearly: "A confirmed breakout on the neckline [$2.855] could confirm both IH&S and the breakout from wave D, setting the stage for a potential extended move towards the target of $6,000 and beyond." Weslad's bold goal has found an ally in strategist Jeremy Fielder, who declared in a video posted on X: "We are aiming for a price of $6,500 for Ethereum by the end of this year and then possibly $10,000 by early next year... Regulations are currently supportive of cryptocurrency. That's all you need to know." He bases his argument on the rapidly increasing adoption of Web3 and favorable regulatory changes, dismissing detailed figures to support the strong bullish trend. Although it is not as high a milestone as that of Weslad and Fielder, the $4,100 target of market observer Titan of Crypto is not too far-fetched. His argument is based on the successful recovery of Ethereum back into its important weekly trading range, noting that momentum is increasing towards the upper range. Bear Trap Lurking But don't rush to celebrate. Weslad's optimistic analysis also comes with a stern warning for the bearish scenario. He believes that if ETH faces rejection at the important resistance level of $2,855 or the upper boundary of the flag, the likelihood of a pullback to wave E is very high. According to him, this trajectory would pull the price down to a "high convergence demand zone" spanning from $1,400 to $1,800. That represents a potential drop of 40% from the current level.