Ethereum Price Analysis – Analyst Predicts a Rally to $18,000 Amid the iH&S Pattern

Highlights:

• Ethereum’s price has fallen almost 1% to $2,052 as sellers seize market control.
• The volume of its trading has fallen 14%, and the amount of market activity in the ETH has also fallen.
• Crypto analyst has predicted a potential surge to $18,000 in ETH price. 

The price of Ethereum has retreated almost 1% to $2,056 as the bulls strive to claim the territory. Its daily trading volume has plummeted 14% to $10.52B with less market activity. A well-known analyst in the crypto realm has released a prediction that ETH will adhere to the prior patterns of 2017 and 2021. The analyst highlights that the Ethereum price will explode when retail interest returns. 

Once retail interest returns. $ETH will explode.

Stay focused. pic.twitter.com/TTksN5AXyj

— Crypto Rover (@rovercrc) March 26, 2025

Further, Gart Van Lagen has revealed a potential rally to $18,000 in Ethereum price. According to the top crypto analyst, ETH’s one-week chart shows a price range between $1,800 and $2,000 support, forming an inverted head and should(iH&S) pattern structure. The left shoulder was formed between 2021 and 2022. The head during 2022 – 2023 and the right shoulder in 2024. ETH retested the neckline of $3,978 lately, which is the key breakout level.

$ETH [1W] bounces off the ~$1800-$2000 support range while having formed a complex iH&S structure, targeting ~$18k.

This support level acted as resistance during the 'head' phase. Now price successfully retested it as support.

Now the Left and Right shoulders are well-aligned. pic.twitter.com/909aRoeajD

— Gert van Lagen (@GertvanLagen) March 24, 2025

Van Lagen’s breakdown analysis suggests that a breakdown of $3,978 would confirm the pattern, setting ETH up for a rally to $18,000. His analysis is consistent with previous bullish reversal patterns, increasing the chances of an uptrend.

Ethereum Price Outlook

The ETH/USD daily chart shows the altcoin trades in a descending channel, confirming that the market is still bearish. This short-term bearish outlook is supported by the price being below the 50-day and 200-day MAs. Continued selling pressure allows traders to watch for signals of a possible breakout as the rejection nears the channel’s upper boundary.

If ETH fails to reclaim the 50-day MA and sustain bullish momentum, the next support zones to watch are $1,951, $1,832, and potentially $1,798. A break below these levels could accelerate the downtrend. 

Can ETH Reverse the Downtrend and Sure to $2,400?

On the upside is that a break over the 200-day MA could trigger a bullish reversal, and the next resistance levels are at $3,321, $3,490, and $3,796. Accumulation is again possible if the trading volume keeps surging. Conversely, still low volume may also mean continued price bais in the short term.

A quick scan of the technical indicators signals a surge ahead. The RSI has climbed from the 30-oversold region to 46.21. A steady rise to around 60 above the 50-mean level would invalidate the bearish bias. 

The MACD, however, is heading to a crossover in the positive territory, which could signal additional growth. The Ethereum price could see buying interest if it moves above $2,326, the 50-day MA, potentially surging to $3,000.

Meanwhile, on-chain metrics data from Coinglass show a 10% drop in volume while open interest has spiked 0.61%. This indicates that the current bearish trend might be weakening or nearing an end. The rise in open slight rise in open interest indicates that new money is flowing into the ETH market, which could potentially trigger a rally.