Is a $16K ETH Price Target Realistic? Analyst Weighs In

Analyst Predicts Ether Could Reach $16K in Current Cycle Amid Strong Technicals and Institutional Momentum

Ether (ETH) traded around $3,800 on Thursday as bullish sentiment gained traction, driven by a prominent analyst’s call for a potential surge to $15,000–$16,000 in the ongoing market cycle.

Edward, a widely followed technical analyst on X, pointed to a bullish ascending triangle pattern on ETH’s monthly chart — a formation that historically precedes major breakouts. He noted the setup is similar to that seen in 2020, just before ETH rallied more than 20x. A confirmed move above $4,000, he said, could trigger a similar long-term breakout, with the triangle’s projected target landing in the $15K–$16K range.

“The structure is clean. Supply is capped. Demand is rising,” Edward wrote. “It’s no longer just a speculative asset — ETH is now financial infrastructure.”

Three Bullish Catalysts Behind the Forecast:

1. Institutional Accumulation – Reduced price volatility alongside increasing inflows suggests long-term buying by institutions.
2. Sustained ETF Demand – Spot ETH ETFs have posted over $5.3 billion in net inflows across 18 consecutive trading sessions since early July.
3. ETH’s Evolving Role – Ethereum’s growing use as collateral in DeFi, restaking, and real-world asset integration is enhancing its macroeconomic utility.

Edward also warned of an incoming supply squeeze, noting that annual ETH issuance remains below 1 million tokens, while corporate treasuries continue accumulating.

Caution From Other Analysts

Not everyone shares the same outlook. Analyst Michaël van de Poppe said the recent decline in ETH volatility may signal short-term exhaustion. He sees possible resistance near $4,000, followed by a potential correction. Still, he views such a pullback as a healthy setup for a broader altcoin bull cycle over the next 12–24 months.

ETH Technical Snapshot (as of July 31)

• ETH rose 1.01% over 24 hours, closing at $3,800.85.
• Trading ranged from $3,693.42 to $3,873.39.
• A V-shaped recovery from $3,685.69 during the 18:00–19:00 UTC window suggests institutional dip-buying.
• Support was confirmed near $3,825, with final-hour trading showing tight consolidation between $3,825.22 and $3,842.71.

Ether remains range-bound but technically constructive. A breakout above $4,000 could set the stage for a parabolic move — if the institutional momentum continues to build.