{"id":11229,"date":"2025-08-04T20:00:25","date_gmt":"2025-08-04T20:00:25","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/pundit-says-ethereum-price-is-headed-for-9000-after-this-broadening-wedge-retest\/"},"modified":"2025-08-04T20:00:25","modified_gmt":"2025-08-04T20:00:25","slug":"pundit-says-ethereum-price-is-headed-for-9000-after-this-broadening-wedge-retest","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/pundit-says-ethereum-price-is-headed-for-9000-after-this-broadening-wedge-retest\/","title":{"rendered":"Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest"},"content":{"rendered":"

Earlier last week, the Ethereum price was retracing<\/a> severely, giving up a fraction of the gains garnered from the previous bull rally<\/a>. Despite this brief show of weakness, a crypto pundit forecasts that the leading altcoin may be on the brink of an explosive rally toward a new all-time high<\/a> of $9,000. This bullish projection is based on the completion of a Broadening Wedge formation and an ongoing retest of the pattern\u2019s upper boundary, which may now act as support.\u00a0<\/p>\n

Ethereum Price Chart Signals Major Breakout<\/h2>\n

According to the new technical analysis Descending Broadening Wedge, which has historically proven to be a powerful bullish continuation setup.<\/p>\n

On the weekly timeframe, Ethereum has completed a breakout above the upper resistance of the long-standing Descending Broadening Wedge pattern. After its initial breakout attempt, Lagen notes that Ethereum is now retesting the former resistance trendline, which has flipped into potential support. This retest is considered critical, with the analyst highlighting it as ETH\u2019s second attempt to break higher while sustaining its bullish momentum<\/a>.<\/p>\n

\"Ethereum\"<\/p>\n

The technical setup, as outlined by Lagen\u2019s price chart, shows a projected upside of 79% from the breakout point, which could send Ethereum soaring toward the $9,000 level. Lagen highlights that statistically, such patterns resolve upward 67% of the time, reinforcing ETH\u2019s bullish outlook<\/a>.\u00a0<\/p>\n

The price zone also aligns with a historical sell line\u2014an area where traders may begin taking profits as the cryptocurrency approaches upper targets. Interestingly, Lagen notes that the Bitcoin price has previously formed a similar Descending Broadening Wedge structure. At the time, the analyst had predicted that a successful retest of the pattern\u2019s upper boundary could trigger a massive surge to $230,000 for Bitcoin. This historical parallel reinforces the belief that Ethereum could be on the verge of a similar upward trajectory if the current retest confirms support.\u00a0<\/p>\n

Analyst Sees ETH Surpassing $5,000 This August<\/h2>\n

Despite ETH\u2019s brief pullback, August is shaping up to be a potentially explosive month for the leading altcoin. Market expert, \u2018Crypto GEMs\u2019 on X, Ethereum\u2019s brief price correction.<\/p>\n

Currently, ETH is trading around $3,554 following a steep drop from its July highs of around $3,900. While this decline may appear concerning to some, Crypto GEMs sees it as a golden buying opportunity. The analyst encourages traders to take advantage of lower prices and \u201cbuy the dip<\/a>\u201d, as ETH positions for its next potential leg up.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier last week, the Ethereum price was retracing severely, giving up a fraction of the gains garnered from the previous bull rally. Despite this brief show of weakness, a crypto pundit forecasts that the leading altcoin may be on the brink of an explosive rally toward a new all-time high of $9,000. This bullish projection…<\/p>\n","protected":false},"author":1,"featured_media":11230,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112],"tags":[62,10,4453,4454,43,113,114,45,56,57,46,47,1951],"class_list":["post-11229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-bitcoin","tag-crypto-gems","tag-descending-broadening-wedge-structure","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-gert-van-lagen"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/11229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=11229"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/11229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/11230"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=11229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=11229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=11229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}