All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Ethereum broke a bull flag, showing strong upside momentum and keeping its bullish path intact.
- An analyst sees ETH reaching $9,000 easily, with $11,111 possible in the late 2025 bull run.
Ethereum is currently showing interesting movement after the bull flag pattern that has been forming since late September has been successfully broken upwards.
According to analyst Master Ananda, this condition opens up the opportunity to reach $5,800 in the near term, with the potential to break through $11,111 by the end of 2025. Although the breakout is still slight and requires further confirmation, the upward movement is enough to signal a positive trend for the next phase.
Meanwhile, as of the writing time, ETH is trading at about $4,439, down 5.06% in the last 24 hours. However, its weekly performance remains positive, with a 7.16% increase. Over the last 30 days, ETH recorded a 3.20% increase, while over the last 90 days, it has surged by more than 60%.
This data shows that short-term pressure remains, but the medium- and long-term trends remain upward. Ethereum’s market cap is recorded at around $536.79 billion, with a daily spot trading volume of $8.78 billion. Meanwhile, open interest stood at $60.21 billion, indicating that the derivatives market remains active despite high volatility.
Between Breakout Confirmation and Reversal Potential
According to Master Ananda, there are two approaches traders typically take when dealing with conditions like this. First, wait for full confirmation of the breakout to be safer in the long term. Second, enter early when a reversal pattern is visible, as the potential for greater profits can be significant.
He cited the example of Ethereum’s bullish movement between September 25th and 28th, which formed the basis for this bull flag pattern. With that pattern, when the upper trendline was broken, some market participants felt there was no need to wait for further confirmation.
However, he also cautioned that risks remain. Buying during a reversal can indeed yield substantial profits if the market continues to rise.
However, the risk of failure is also high. Likewise, when buying at a resistance breakout level, the price could reverse direction in just a matter of days. Therefore, the choice of strategy depends on each individual’s risk profile.
On the other hand, the CNF previously reported that while Ethereum still lags behind Bitcoin in terms of liquidity, signs of ETH outflows from exchanges and increasing institutional demand in the United States are starting to strengthen.
On-chain data also shows that the supply of ETH on exchanges continues to decline. This condition signals a potential revaluation, in line with the ongoing expansion of global liquidity.
Ethereum Eyes New Highs With Bullish Momentum Building
At the end of September, the Ethereum derivatives market experienced a major reset. At that time, there was a mass liquidation of long positions and a sharp decline in open interest on various exchanges.
Despite this, massive accumulation continued, with nearly 570,000 ETH accumulated in just one week. This condition indicates that despite the strong leverage dynamics that have shaken the market, underlying interest in ETH has not diminished.
Furthermore, Master Ananda emphasized that Ethereum’s current bullish phase does not end with the bull flag breakout. He stated that the $9,000 level could be reached relatively easily, and the $11,111 target could even be realized during a major bull run by the end of 2025.
According to Ananda, the market is poised to reach a new all-time high, and Ethereum is well-positioned to help propel the crypto ecosystem to greater heights.
Furthermore, this optimism is supported by the increasing involvement of institutions, which have positioned ETH as their second-choice asset after Bitcoin. If this trend continues, it’s not surprising that the previously ambitious price target could become a reality sooner than expected.
