Ethereum Price Prediction: Expert Sees 38% ETH Price Rally Ahead

Key Insights:

• A top analyst has revealed an Ethereum price prediction to $4,122, thanks to the formation of a massive inverse head and shoulder pattern.
• Ethereum is unlikely to post new highs over the next year, largely because Bitcoin still looks weak, according to analyst Benjamin Cowen.
• Veteran trader Peter Brandt shared a similar sentiment at the start of this month when he said Bitcoin could easily sink to $60,000 by August next year.

The latest Ethereum price prediction anticipates a near-term rally to $ 4,122. The altcoin’s price held above the $2,900 mark. That’s probably due to an overall positive sentiment as the market braces for the upcoming expiry of roughly $6 billion in derivative options contracts.

Meanwhile, a massive inverse head and shoulders pattern is targeting a 38% rally to $4,122, according to top analyst Donald Dean. Looking ahead, crypto commentator Benjamin Cowen believes that ETH price might not reach a new all-time high in 2026.

Ethereum Price Prediction: Inverse Head & Shoulders Pattern Eyes 38% ETH Price Rally

ETH price is beginning to show its hand on the weekly chart. It formed an inverse head-and-shoulders setup. It is eyeing a rally to $4,122, as per the latest Ethereum price prediction bytop analyst Donald Dean.

When writing, ETH price was hovering around $2,967. It held its ground after several weeks of tight consolidation.

This is no longer a random price action. The structure suggests the market is preparing for its next major move, with the percentage gain from the current price to the setup’s target representing a 38% Ethereum price rally.

A clear inverse head and shoulders pattern has taken shape. These formations tend to appear when selling pressure is exhausted, and control starts to shift. The left shoulder developed earlier in the year. A sharp decline also formed the head of the technical pattern.

Meanwhile, ETH printed a higher low to complete the right shoulder of the pattern. It suggests that sellers had started losing their grip on the market

That said, the chart still needs confirmation. For this setup to play out, Ethereum price must clear $3,344. This level matters, as it also matches the 0.618 Fibonacci retracement. It marks an area where price previously stalled and churned.

If ETH can push through $3,344 with real volume behind it, the market tone is likely to shift rapidly. Once through that area, resistance becomes thinner. If the pattern follows through, the measured move points toward the $4,122 region as a realistic near-term target.

Until then, ETH remains in a holding pattern. The setup is constructive, but the breakout has to be earned. When buyers finally reclaim that resistance, the next move is more likely to be sharp than slow.

Expert Claims Ethereum Might Miss New All-time High in 2026

Ethereum is unlikely to post new highs over the next year, largely because Bitcoin still looks weak. This is what analyst Benjamin Cowen predicts.

During a recent appearance on the Bankless podcast, Cowen argued that if Bitcoin is already in a bear market, Ethereum has little room to run. He claimed the current setup simply does not favor a sustained ETH rally while Bitcoin remains under pressure.

Veteran trader Peter Brandt shared a similar sentiment at the start of this month when he said Bitcoin could easily sink to $60,000 by August next year.

Cowen also addressed a scenario many investors are hoping for. He said that even a return to Ether’s $4,878 all-time high, last seen in August, could be misleading. In his Ethereum price prediction, he warned that it may end as a bull trap. ETH prices may roll over and fall back toward the $2,000 level.