Ethereum, Is a 160% Rise Just the Beginning?...Analyst: "Final Target is $24,443"

▲ Ethereum (ETH)/AI-generated image

An analysis suggests that Ethereum (ETH) could rise to a maximum of $24,443, ahead of a potential breakout from its long-term ascending channel. However, it is predicted that a strong rebound may occur after a correction to the $1,760 to $1,800 range before a full-fledged rally begins.

NewsBTC reported on May 11 (local time) that cryptocurrency analyst Celal Kukuker presented Ethereum's long-term bullish roadmap via X (formerly Twitter). Kukuker suggested that Ethereum could drop to between $1,760 and $1,800, which he calls the 'mega support zone', before entering a significant upward trend.

He believes that if a strong base is formed in this support zone, Ethereum could rebound to its first major breakout point of $4,800. This price was described as just before retesting its all-time high of over $4,900, recorded in August 2025.

Kukuker's chart shows that Ethereum's price has been moving within an ascending channel formed since 2020. He analyzed that if Ethereum reaches $4,900 and then breaks through the upper trendline of the channel, it could surge towards $6,000. This represents a gain of over 160% compared to Ethereum's current price, trading above $2,300.

He defined the $6,000 range as a psychological and technical turning point. This price level is where chart barriers break down and market sentiment shifts, an area where investor interest and trading volume could concentrate, similar to when Ethereum reached $2,000 and $4,000 in the past.

After breaking $6,000, the next target was set at $13,000. Kukuker viewed this range as a cycle extension target, explaining that the Ethereum bull market could continue longer, and its valuation could increase due to extreme momentum in the price discovery phase.

According to his roadmap, Ethereum could consolidate around $6,000 for a period, then rise towards $13,000. After a short-term correction and retesting the upper trendline of the channel, an explosive rally towards a final target of $24,443 could occur. Kukuker presented this range as Ethereum's full parabolic target, and the chart indicates this point around 2028.

NewsBTC stated that Ethereum's long-term bullish scenario is predicated on a breakout from a multi-year ascending channel and sustained strong momentum. Kukuker's roadmap outlines key stages: confirmation of $1,760 to $1,800 support, recovery to $4,800, breakout of $6,000, reaching $13,000, and a parabolic rise to $24,443.

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