
Ethereum (ETH) has reclaimed the $3,600 level and influential analyst Benjamin Cowen has once again made a bold forecast: Ethereum could surge to between $5,300 and $7,600 by late 2025, with a rally coming much sooner, possibly within weeks.
Cowen’s thesis relies on Ethereum’s historical “return home” to its bull market support band, a move that previously marked generational bottoms in 2016, 2019, and most recently in April 2024.
This return to the band, between $2,400 and $2,700, has historically been followed by aggressive rallies, suggesting ETH’s current rebound could echo past parabolic moves.
Cowen draws comparisons between Ethereum’s 2024 market structure and Tesla’s 2023 performance, a year that saw Tesla form macro higher lows in April, surge into July, then briefly retrace before launching a powerful December breakout.
ETH seems to be tracing a similar trajectory. If Ethereum breaks above the $3,800–$3,900 zone before September weakness sets in, it could enter a vertical move toward Cowen’s $7,500 target.
Ethereum’s current structure on the 12-hour chart remains bullish despite recent pullbacks, with price continuing to respect a long-term ascending trendline that has held since May.
After a strong rally above $4,000 in July, ETH has entered a healthy consolidation phase, dipping toward the $3,500–$3,600 region.
This zone aligns with both horizontal support and the ascending trendline, making it a potential springboard for the next leg up.
Source: TradingView
The projected path shows ETH potentially bouncing here before a breakout past the $4,100 resistance, a key level that has capped upside momentum in the past.
If the ascending trendline remains intact, Ethereum could soon reclaim the $4,000 handle, paving the way for a rally toward the $6,000 level in Q4.
From there, a push to the $7,000 range is in sight, supported by strong structural momentum and increasing ETF inflows.
Momentum indicators, including RSI and MACD, are stabilizing after the recent cooldown, a sign that buyers may soon regain control.
As long as ETH holds above $3,400, the bullish trajectory remains intact.
As Ethereum edges toward a breakout, another project is grabbing headlines.
Bitcoin Hyper ($HYPER) has already raised $7.2 million in its presale and is quickly becoming one of the most talked-about new crypto launches.
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