Ethereum faces two divergent technical scenarios according to recent analyst assessments. Gert van Lagen identifies an expanding diagonal pattern on the bi-weekly chart projecting a potential target zone between $10,000 and $22,000 as Wave 5 develops within a multi-year Elliott Wave structure. Meanwhile, Ali Charts highlights a breakdown below the $1,825 support level on the three-day timeframe, with ETH trading near $1,746 and facing potential tests of $1,603 and $1,409 support zones. The long-term bullish pattern depends on maintaining support above the Wave 4 low, while the short-term bearish outlook requires ETH to remain below the broken $1,825 level. Both analyses reflect technical interpretations of price action within established charting frameworks.
Gert van Lagen Identifies Expanding Diagonal Pattern with $10,000-$22,000 Target Zone
Ethereum is forming what analyst Gert van Lagen describes as a highly complex expanding diagonal pattern on the bi-weekly chart. According to the Elliott Wave interpretation shown, ETH is currently developing Wave 5 within a multi-year structure that began after the 2022 bear market low.
The chart outlines five corrective waves contained within an expanding triangular formation. Wave 1 peaked near the 2021 cycle high, while Wave 4 appears to have completed around the recent lows near $1,700-$1,800. The analyst suggests ETH has started Wave 5, the final phase of the pattern.
A key feature of the setup is the projected "c" wave of Wave 5. According to the analysis, this final leg could develop into a blow-off style rally. The projection extends toward an orange target zone between approximately $10,000 and $22,000, which aligns with the upper boundary of the expanding structure.
The chart also highlights a series of higher highs and higher lows since 2022. Despite several deep corrections, ETH has continued to respect the broader rising trendline that forms the lower boundary of the diagonal pattern.
Gert van Lagen identifies a break below the Wave 4 structure as the invalidation level. A decisive move beneath that support area would weaken the expanding diagonal count and challenge the projected path toward the upper target zone.
Ali Charts Highlights Support Breakdown Below $1,825 with Lower Targets
Ethereum has broken below the critical $1,825 support level, according to analyst Ali Charts. The breakdown came after ETH lost support at $2,073 and continued its decline on the three-day timeframe.
The chart shows ETH trading near $1,746 after closing below the $1,825 support area. This level previously acted as a major floor during the recent consolidation phase. Its loss suggests sellers have gained control of the short-term trend.
The next major support level sits near $1,603. Below that, the chart identifies $1,409 as another significant support area and the next downside target in the bearish scenario.
From a technical perspective, ETH has now formed a series of lower highs and lower lows since peaking near $2,359. The recent breakdown below both $2,073 and $1,825 confirms weakening momentum.
For bears to maintain control, ETH must remain below the broken $1,825 support. A recovery back above that level could weaken the immediate bearish outlook and reduce pressure on the lower support zones.
FAQ
What is the expanding diagonal pattern identified by Gert van Lagen for Ethereum?
Gert van Lagen describes an expanding diagonal pattern on Ethereum's bi-weekly chart consisting of five corrective waves within a multi-year Elliott Wave structure that began after the 2022 bear market low. The analyst suggests ETH is currently developing Wave 5, with a projected target zone between $10,000 and $22,000 aligning with the upper boundary of the expanding structure. The pattern's validity depends on maintaining support above the Wave 4 low.
What support levels does Ali Charts identify after Ethereum broke below $1,825?
Ali Charts identifies $1,603 as the next major support level below the broken $1,825 area, with $1,409 representing another significant support zone and downside target. ETH is trading near $1,746 after breaking below $1,825 on the three-day timeframe. The bearish scenario requires ETH to remain below the broken $1,825 support to maintain downward pressure toward these lower zones.
