Ethereum’s price is showing renewed momentum after analysts highlighted a potential rally toward $8,000, supported by strong technical signals and growing institutional interest. A confirmed “W” bottom pattern, noted by renowned analyst John Bollinger, and VanEck’s new staked Ethereum ETF filing have added confidence to Ethereum’s bullish setup.
According to market analyst Javon Marks, Ethereum has formed a bullish divergence, suggesting the possibility of retesting the $4,700 zone, with $4,811 identified as a key resistance. A breakout above that level could clear the path toward the projected $8,000 target.
At the time of writing, Ethereum trades around $4,037, up 1.16% in the last 24 hours. The coin has maintained strong support near $3,700, indicating steady accumulation and healthy demand among buyers. Marks also noted that Ethereum’s recovery from its recent correction has created a pennant breakout structure, further confirming upside potential.
On the daily chart, ETH bounced from $3,444, confirming the bullish pennant flag formation. Immediate resistance now stands near the 0.618 Fibonacci retracement level at $4,255, with $4,757 acting as the critical breakout point. If Ethereum surpasses this level, analysts expect a run toward the 1.618 Fibonacci extension at $5,568, validating the broader uptrend.
This setup strengthens the long-term Ethereum price prediction, signaling that ETH could continue structured growth consistent with its historical breakout patterns.
Bollinger’s “W” Bottom and VanEck’s ETF Strengthen Ethereum’s Outlook
John Bollinger, the creator of the Bollinger Bands, confirmed that Ethereum’s chart shows a clear “W” bottom structure, a bullish reversal pattern often associated with double-dip recoveries. The higher second low indicates improving resilience and strong market accumulation — a setup that distinguishes Ethereum (and Solana) from Bitcoin, which currently lacks similar technical confirmation.
Meanwhile, VanEck’s filing for a staked Ethereum ETF has introduced major institutional momentum into Ethereum’s recovery narrative. The ETF includes liquid staking exposure via Lido, one of Ethereum’s most prominent staking protocols, marking a significant step toward regulatory acceptance and institutional integration of Ethereum’s staking ecosystem.
Combined, Bollinger’s bullish confirmation and VanEck’s ETF filing underscore Ethereum’s strengthening market structure. If Ethereum can break above $4,811, it would validate the analyst’s $8,000 target, confirming a broader trend continuation.
With technical and institutional forces aligning, Ethereum’s price outlook remains constructively bullish, signaling growing investor confidence in the asset’s next major upward leg.
