Ethereum Shatters Downward Trend – How High Can it Go?

In Brief

• Ethereum has broken out of a prolonged downward trend, signaling a potential reversal.
• Analysts say the asset must hold above $3,000 to validate momentum toward higher targets.
• Some experts have issued highly ambitious long-term forecasts, albeit through many resistance levels.

Shedrach Kongvong 2025-12-09

After many weeks of price struggles, Ethereum has finally broken out of a downward trend and is now ready for a reversal. According to recent analysis, the coin may be getting ready to explore higher prices in the coming days.

Crypto trading firm CyptoPulse shared its analysis in which it stated that the second-largest cryptocurrency by market cap has broken out of its falling wedge pattern, which usually signifies a trend reversal.

Ethereum Needs to Hold above $3,000 to Confirm Reversal

Ethereum, like other crypto assets, has struggled to maintain an upward momentum for some time now. For a long time, the coin traded in a tight range having $2,800 as a key support but no decisive break above $3,000 that was sustained despite several attempts at achieving this.

With the downward trend broken, CryptoPulse says that Ethereum needs to hold above $3,000 long enough for the price to rise to $3,400, $3,800, and eventually $4,250. This means that the future of the coin depends on the $3,000 price which has been a key defining price for the coin, serving both as support and resistance.

📈 $ETH Breaks Out — Is a Bigger Reversal Starting?

Ethereum has officially broken out of its falling wedge pattern on the daily timeframe — a bullish structure that often signals trend reversal.

As long as $ETH could hold above $3,000, it could target $3,400, $3,800 and $4,250… pic.twitter.com/cmOYcfGeGE

— CryptoPulse (@CryptoPulse_CRU) December 9, 2025

Meanwhile, whales have been buying up Ethereum recently, in anticipation of a price rally. Several whales have also been opening long positions on the coin, suggesting that they have seen signs of a bullish reversal or a major rally ahead. With more whales buying, Ethereum may have sufficient support to stay above the $3,000 required for the next leg up.

However since Ethereum’s price movement is often influenced by that of Bitcoin, a strong support for Bitcoin may also be required to ensure that a move upward is sustained and not short-lived when it starts.

More Bullish Ethereum Price Targets

Many crypto analysts have been back and forth on the price of Ethereum, depending on the prevailing sentiment. Many have also been positive about its future, but some are extremely positive with their predictions.

One analyst says the coin can reach $62,000, which is an extremely bold and daring prediction for the short to medium term. He however stated that the coin will need to go through a long list of lower price targets before reaching this target, which could be a long time from now.