Ethereum tipped to hit $7,000 by this date

As Ethereum ( ETH ) seeks to reclaim the $2,500 resistance, a new technical analysis suggests the second-largest cryptocurrency could hit $7,000 by mid-August 2028, representing a potential gain of more than 350%. Specifically, TradingShot outlined the forecast in a TradingView post on October 16, predicting a new bull cycle after ETH broke above its 50-week moving average ( MA ) and ended the lower-high sequence that characterized its 2025–2026 downturn. The forecast is based on a four-year ascending channel that projects a 365.92% gain from the cycle bottom to $7,000. TradingShot identified the 0–0.236 Fibonacci range as the buy zone and the 0.786–1 range as the sell zone, placing the target near the channel’s upper boundary.

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