There is an indicator that suggests an ETH rise beyond the estimated, according to Gert Van Lagen.
Several indicators point to an imminent bullish rally for Ethereum.
Ethher (ETH), the cryptocurrency of the Ethereum Network, accumulates a powerful bullish force. So much that, if the market maintains the current trend, the asset could complete its upward cycle initiated in 2019 and reach the USD 18,000 this year.
So raises The analyst Gert Van Lagen, who bases his projection on the technical analysis of Elliot’s waves. This methodology identifies repetitive patterns in the behavior of the price of an asset, in this case ETH to provide future movements.
According to the specialist, ETH is currently in the fifth and final wave of the cyclean “expansive diagonal” that could give way to a significant rebound.
Van Lagen argues that each of the subsons within this structure has been corrective, and that the current one – the “V” wave – should break the megaphone figure formed between waves 3 and 4, thus completing the “A” wave of the pattern. Subsequently, a brief correction is anticipated that will work as a reflection Technician, followed by an explosive “B” wave, explained.
The Elliot wave model starts from a sequence of five movements: i (impulse), II (strong correction), III (explosive movement), IV (lateral consolidation) and V (final expansion). In the case of ETH, Van Lagen argues that the current “Onda C” is impulsive and could go far beyond the expansive wedge figure.
In that context, the analyst remarked: “My main objective remains $ 18,000”, because for him, ETH “is about to complete its 2019-2025 bullish cycle.”
In the following graph you can see the sequence of movements indicated by Van Lagen, as well as its uprising projections for the price of ETH:
This perspective is particularly optimistic, considering that The cryptocurrency currently quotes over USD 3,750, still at 25% below its historical maximum of USD 4,890 registered in November 2021.
A phase change
The capital movement in the cryptocurrency market also suggests a phase change. As cryptonotic reports recently reported, investors are moving part of their funds from Bitcoin (BTC) to ETH, which could indicate the beginning of a new “Altseason”.
This phase usually appears in the final stage of each BTC bullish cycle and is developed in well -defined stages, significantly driving coins such as ETH.
The current market seems to support this possible scenario. ETH has exceeded the USD 3,700, a level that was not reached since the beginning of 2025, which has renewed the enthusiasm of investors.
The technical structure of the price also reinforces the upward thesis. The exponential mobile means (EMA) of 20 and 50 days are currently located at USD 3,742 and USD 3,721, respectively, While ETH price is maintained above these valuesas can be seen in the following graphic provided by TrainingView.
According to the analyst Jainam Mehta, this behavior pattern “usually offers a dynamic support, helping to contain possible setbacks while the price is still looking for new upward goals.”
On the other hand, the Bollinger bands, an indicator of market volatility, show that the price of ETH is at the same level of the upper band, which suggests a sustained buying pressure. This can be seen in the following graph:
When this happens, It is usually interpreted as a sign of continuity of the upward trendalthough it can also anticipate an overcompra on short -term horizons.
Eth of ETH: A clear incentive for the price
Another element that is contributing to the good performance of ETH is the behavior of quoted funds (ETF) in the United States. For the second consecutive day, the ETFs of Ethereum have surpassed those of Bitcoin in terms of daily net entries.
According to Sosovalue data, on July 17, ETH of ETH captured USD 602 million, while those of BTC entered USD 522.6 million. On July 18, ETH leaded with USD 402 million compared to the USD 363 million BTC, as reported by this medium.
In general, this phenomenon marks a change in the behavior of institutional capital, which since the approval of the BTC ETFs in January 2024, had mainly inclined Bitcoin. Currently, eth quoted funds accumulate more than USD 7,000 million in net tickets, which reinforces its position as the second most relevant asset of the ecosystem.
It must be clarified that the ETF in cash directly influence the price of underlying assetsin this case ETH, since if there are great acquisitions (such as the last two days) the emitters must buy more cryptocurrencies in the market to support their funds. Those purchases press the price of the asset towards update in principle of supply and demand. A clear example was last week when, the product of a massive capital entrance in the ETH ETFs, the cryptocurrency exceeded the USD 3,000.
In the following graph provided by Sosovalue They appreciate The daily net entrances and outputs of the ETH capital of ETH since its launch, in July 2024.
Other analysts are also optimistic. Eric Jackson, from EMJ Capital, provides that ETH could reach USD 10,000 if the Staking option in the ETFs is approved before October. Recently, Nasdaq submitted a formal application to the United States Stock Exchange and Securities Commission (SEC) to allow the ETF managed by Blackrock – Ishares Ethereum Trust (ETHA) – can perform staking with part or the entire ETH under its custody.
If the SC authorizes this modification, investors could receive dividends generated by the validation of transactions in the Ethereum network. This feature would turn ETH ETF into a financial product capable of generating passive income, which would increase its appeal for the actors of the traditional financial system.
For Jackson, the incorporation of staking into the ETFs would trigger a series of effects: increased institutional demand, generation of yields, reduction of circulating offer and a greater attraction of ETH as a deflationary asset. “All this would intensify a structural scarcity that has not yet been completely understood by the market,” he explained, as this means reported.
On that basis, the analyst projects a base price of USD 10,000 per ETH in the coming months. In a more optimistic scenario – impulsed by an accelerated adoption of layer 2 solutions and a robust entry in ETF with staking— He estimates that the value of cryptocurrency could even exceed USD 15,000.
Together, Van Lagen’s thesis finds technical and fundamental support. The behavior of ETF, the momentum Market, capital rotation and structural analysis of Elliot’s waves suggest that ETH could be at the beginning of an expansive phase.
At the time, ETH continues to consolidate on the USD 3,750, with technical signs and institutional flows in its favor. If Van Lagen’s scenario is confirmed, the market could be witnessing The beginning of one of the most significant increases in the recent history of Ethereum.
