Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K

Ethereum (ETH) could be entering the final stage of a long-term bullish pattern that, if it plays out, may take the asset as high as $22,000, according to analysis shared by pseudonymous crypto commentator “NoName” on July 17. The projection is described as highly speculative and adds to debate over whether ETH’s June lows started a broader recovery. On X, NoName said Ethereum has been forming an expanding diagonal since 2021 with five waves, with wave four supported between $1,072 and $1,385; the structure would end with a fifth wave breaking above the previous cycle high. The implied target range was $12,000 to $22,000. Another analyst, Crypto Patel, cited a Wyckoff accumulation pattern with a possible move toward $10,000 by 2027 or 2028 if a recent swing low near $1,500 holds, while noting resistance at $2,400 to $2,600.