Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst

Crypto technical analyst MasterAnanda predicts that Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target of at least $5,791. Ethereum has been consolidating above the $2,425 support zone for two months, which might be an accumulation phase before a major breakout. MasterAnanda's analysis is based on a weekly candlestick chart showing a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. The price has been marked by low volatility and sideways movement since April, which often precedes large market moves. The analyst notes that Ethereum is due for a major bullish wave, and the current consolidation is sitting right above trendline support. The target is a minimum of $5,791, based on the 1.618 Fibonacci extension, and it's possible for the price to reach $8,500 or higher in the longer term. Crypto analyst Ted Pillows shares a similar analysis based on a Wyckoff accumulation pattern, predicting a breakout in stages, with the first stage pushing to $3,000, followed by a correction and a rise to $4,000 in Q3. The parabolic leg is expected to take Ethereum above $5,700, aligning with MasterAnanda's call. The analysts' predictions are backed by improving fundamentals and current on-chain data showing accumulation through Spot Ethereum ETFs. Ethereum is currently trading at $2,516, and if the price action plays out as predicted, it may be on the verge of its own spotlight moment in this ongoing 2025 bull cycle.