Ether Price Rallied 260% Last Time This Happened: Can ETH Reach $5k?

A buying opportunity from Ether’s realized price projected a major rally, as analysts said a return to $5,000 in 2026 is plausible.

Ether (ETH) traded close to a level that has previously marked market bottoms, as classic chart patterns suggested a possible rally to $5,000.

Ether price traded closer to its realized price, historically a buying opportunity that has led to major rallies.

V-shaped recovery and falling wedge patterns emerge, targeting $5,000 ETH price.

The ETH/USD pair dropped 45% to multimonth lows of $2,621 on Nov. 21 from a high of $4,758 reached on Oct. 7.

This drawdown saw the price drop close to the realized price of whales holding more than 100,000 ETH, as shown in the chart below.

This refers to the average price that all current holders of more than 100,000 ETH have paid to buy Ether.

Related: Ethereum network sees 62% drop in fees: Is ETH price at risk?

“Only four times in the last five years has ETH traded very close to the realized price of whales holding at least 100k ETH,” said CryptoQuant analyst Onchain in its latest Quicktake analysis, adding:

In April, the ETH price bounced off this level, staging a 260% rally to its current all-time high of $5,000.

Source: CoinTelegraph