Prominent market analysts using the X username Pland share an interesting bullish projection of the Ethereum (ETH) market. Amid the recent loss that saw ETH fall 10.66% in a week, Pland had reached a potential price target of $21,000 by the end of 2025 in favor of Altcoin market leaders.
Triangle, Ethereum ready for surges as head and shoulder patterns are combined
In a September 27th X post, Pland offers a long-term price analysis for the Ethereum market, highlighting the potential for strong bullishness. Over the last quarter, ETH showed strong price performance, breaking out of a four-year symmetrical triangle and establishing a new all-time high of $4,953.
In context, a symmetric triangle is a neutral chart pattern formed when prices are integrated between two convergent trend lines. When prices exceed the upward trend line, namely the resistance seen in the Ethereum market, they are usually interpreted as bullish signals.
In line with the classic technological structure, Pland further explains that the recent price drop over the past two weeks coincides with the expected retest of “this resistance” and the approximately $3,900 retest. Analysts who have successfully bounced this price range, which now serves as a price range, say Ethereum is currently reopening uptrends.
The reversed head and shoulder are bullish inversion chart patterns that are common after downtrends. It shows that the market may be shifting from bearish to bullish momentum. This is clearly seen in previous ETH price actions in 2025. Pland explains that if Ethereum successfully achieves a $5,900 inverse H&S target, AltCoin is expected to start a rally by the end of 2025 towards its $21,000 main target for the symmetrical triangle.
Overview of Ethereum Market
At the time of writing, Ethereum trades for $4,001 on the last day with little price change. However, market trading volumes fell 58.67%, indicating weaker participation and a decline in short-term momentum.
According to Blockchain Analytics Company Sentora, total network fees fell 3.9% a week, suggesting a decline in chain activity and a decline in demand for block space. Meanwhile, Exchange Netflows has been recorded – $3.08 billion a week. In other words, more Ethereum has been withdrawn from the exchange than it has been deposited.
Pexels featured images, TradingView charts
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