Ethereum is trading within a long-term bullish pitchfork channel, where each peak and trough lines up with each segment of the pitchfork tool. This can be used for long-term price projections in assets that don’t have much price history, however, there is certainly some guesswork involved. Theoretically, based on past cycles and the pitchfork channel, a new all-time high could reach as high as $50,000 in 2025 and even more beyond.
Based on Fibonacci extensions alone, additional short-, medium-, and long-term price targets can be found. Using math alone, Fib ratios point to prices of $5700, $5100, $3700, $2200, and $1700 for possible new price records.
Year Potential High Potential Low
2020 $1,155 $50
2021 $4,000 $425
2022 $9,000 $1,440
2023 – 2025 $50,000 $3,500
Based on Fibonacci extensions alone, additional short-, medium-, and long-term price targets can be found. Using math alone, Fib ratios point to prices of $5700, $5100, $3700, $2200, and $1700 for possible new price records.
Year Potential High Potential Low
2020 $1,155 $50
2021 $4,000 $425
2022 $9,000 $1,440
2023 – 2025 $50,000 $3,500