A crypto analyst has predicted several bullish price targets for Ethereum (ETH), but expects a major drop to key support levels first, followed by a sharp rally toward $6,000. From there, he outlines a path to much higher targets, with $24,000 as the ultimate parabolic zone. His bullish outlook is based on the possibility that Ethereum could break out of a long-term multi-year channel and gain strong momentum.
Analyst Forecasts Ethereum Price Target From $1,700 to $6,000
Celal Kucuker, a crypto analyst on X, shared a new bullish forecast for Ethereum on May 9, laying out a steady long-term roadmap to a final target above $24,000. Before this projected rally begins, he predicts a potential drop to a level he calls Ethereum’s “mega support zone.”
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Kucuker sets this critical support at $1,760 to $1,800, likely expecting ETH to fall to this range and build a strong enough base to kick off a new bull rally. From there, he predicts Ethereum could reverse sharply and hit its first major breakout level around $4,800—about 3% away from reclaiming its all-time high above $4,900 in August 2025. He outlines these moves on his chart, showing the price moving within an ascending channel pattern that has been forming since 2020.
After reaching $4,900, he predicts Ethereum could break out of the channel’s upper trendline and surge toward $6,000—a more than 160% increase from its current price above $2,300. Kucuker calls this bullish target a “psychological and technical transition zone,” meaning it’s an area where market sentiment for ETH is expected to shift as chart-based barriers break. Typically, a psychological target draws market attention, similar to when Ethereum hit $2,000 or $4,000. It’s a zone that tends to attract both sellers and buyers, creating high volume that could fuel a stronger upward push.
$24,000 Set As Ultimate Parabolic Target
After reaching $6,000, Kucuker expects Ethereum to aim for the next bull target around $13,000. He calls this upper range a “cycle extension target,” suggesting that Ethereum’s projected bull market could last longer and reach valuations driven by extreme momentum or price discovery phases.
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The chart shows Ethereum consolidating around $6,000 for a while before shooting toward $13,000. Once that target is reached, the cryptocurrency is expected to see a short-term correction back to the upper trendline. After bottoming out there, Kucuker predicts Ethereum could explode in a rally toward $24,443. He calls this a full parabolic target for ETH, marking the timeline around 2028 on his chart.
Featured image created with Dall.E, chart from Tradingview.com
Frequently Asked Questions
Here is a list of FAQs based on the analysts 24000 Ethereum price target and roadmap
BeginnerLevel Questions
Q Did someone really say Ethereum could hit 24000
A Yes a specific analyst has set a full parabolic target of 24000 for Ethereum This is a longterm highconviction price prediction based on technical chart patterns
Q What does parabolic target mean
A It means the analyst believes the price will rise faster and faster over time forming a curve that looks like a parabola It implies a rapid explosive rally
Q Is 24000 a guaranteed price
A No This is a prediction not a guarantee Crypto markets are highly volatile Many thingsregulations competition or global economicscould prevent this from happening
Q What is the roadmap to get to 24000
A The roadmap usually refers to specific price levels or checkpoints the analyst believes Ethereum must break through to confirm the pattern is working Think of it like milestones on a long journey
Q How long would it take Ethereum to reach 24000
A Most parabolic moves happen over several months to a few years The analyst likely expects this to play out over the next 13 market cycles not overnight
Intermediate Advanced Questions
Q What technical pattern is the analyst using to justify a 24000 target
A It likely involves a logarithmic regression curve or a Fibonacci extension from a major cycle bottom Parabolic targets often come from cup and handle or ascending triangle breakouts on the weekly or monthly chart
Q What are the key checkpoints or price levels in the roadmap
A Common checkpoints include
40005000 Breaking the previous alltime high
800010000 Psychological resistance and a major Fibonacci extension
1500018000 Midpoint of the parabolic curve