Ethereum Breakout on the ETH Monthly Price Chart Points to $8,000 ETH ATH Bull Target

Ethereum breakout on the ETH monthly price chart ignites bullish expectations.

Reputed analyst expects ETH to hit a new ATH at $8,000

Ethereum is expected to break past several bull targets over the next few weeks.

The pioneer altcoin, Ethereum (ETH), just experienced a bullish breakout on the ETH monthly price chart. This indicates a high possibility of the price of ETH moving in a bullish upward trajectory to hit a new ATH price at the $8,000 bull target. Several reputed crypto analysts believe the price of ETH will shoot towards setting a new ATH target in just a few days, not weeks.

Ethereum Breakout on the ETH Monthly Price Chart

The price of Ethereum (ETH) has been on a slow and steady journey to reclaim its previous ATH price set in the $4,800 price range since the pioneer altcoin asset bottomed in Q1 of 2025 at $1,700, when the crypto market experienced a prolonged correction phase. This target has been expected since BTC set its string of new ATH prices in Q4 of 2024, igniting altseason arrival expectations for Q1 of 2025

Instead, the crypto market experienced a profound correction phase in Q1 of 2025 caused by Bitcoin’s early pump this bull cycle, an event that occurred due to BTC setting a new ATH before the Bitcoin Halving event took place. After the correction, the crypto market entered a healthy state and allowed both BTC and altcoin prices to pump. In fact, BTC went on to set new ATH prices while legacy altcoins are reaching their previous ATH prices

To highlight, the price of ETH recently reclaimed the $4,700 price range, igniting high expectations for $4,800 to be reclaimed next. Instead, both ETH and BTC prices sank once again, with BTC falling to $117,000 and ETH falling to $4,300. Despite the dip, ETH is showing that it is still outperforming BTC, like it has over the last few weeks, indicating that a shift to altcoin Dominance is likely to occur

Another sign supporting this possibility is that Bitcoin Dominance is falling significantly as well, paving the way for altcoin dominance to take over. As we can see from the post above, the reputed crypto analyst, Doctor Profit, known for his many accurate market predictions, stated that an ETH ATH is coming very soon. So confident is he in this statement that he says the ATH is not weeks away, but rather, only days away

$8,000 ETH ATH Bull Target Arises

Bullish expectations continue to grow with Bitcoin Dominance falling and altcoin prices steadily moving towards their previous ATH prices. So far, many reputed analysts have set bull targets for the pioneer altcoin, ETH. These bull targets lie between $8,000 and $12,000 and even higher in the eyes of a few financial experts. From the post above, the analyst marks a breakout on the ETH monthly price chart and expects the next bull target for ETH to arrive at $8,000.