Ethereum or a copy of Bitcoin's epic big pump in 2021? Target $58,500! | ETH price predictionCrypto analyst Ted Pillows' latest Technical Analysis indicates that Ethereum ( ETH ) is astonishingly replicating the breakout pattern of Bitcoin ( BTC ) from late 2020 to 2021 in its current price movement. ETH is currently consolidating below a long-term downtrend line and approaching a key resistance level. If it successfully breaks through, based on historical fractal patterns, it could trigger a parabolic rise, with a mid-term target as high as $29,500 (potential rise of 672%), and a theoretical peak that could reach $58,500 (increase of 1432%). Although the market is generally optimistic about ETH challenging the previous high of $5,000, Pillows views this as the minimum target. This article provides an in-depth analysis of the historical mirror logic of ETH/BTC, key resistance levels, and the upward path post-breakout.
MarketWhisper·2025-07-30 05:29