- X Crypto analysts believe Ethereum has completed its key technical patterns and is signaling a possible breakout to $10,000.
- Growing investor interest, Ethereum’s role in DeFi, and early signs of a new altcoin season have contributed to the positive market sentiment and expectations of a strong upward move.
Ethereum has once again stood in the spotlight as bullish momentum grows across the crypto market. Many analysts are becoming more confident in the upward movement of Ethereum’s price in the next altcoin season, with price projections reaching as high as $10,000.
This optimism and belief is fueled by the rising investor interest, technical indicators on the chart, and, more importantly, Ethereum’s central role in decentralized finance (DeFi) and Web3 ecosystems. As market sentiment continues to grow, Ethereum could be on the verge of a major breakout that could define the next phase of its price.
Also Read: Ethereum Holds Strong at $2,400, Ready to Surge to $2,700?
Analysts’ Predictions Signal a Bullish Rise for Ethereum
On the 26th of June, a crypto analyst, Mikkybull, shared a post on X stating that Ethereum has completed a stage known as the “Wyckoff reaccumulation” test. According to the chart he shared, the pattern often shows up before a strong upward move. In simple terms, he tried to explain that ETH has tested a key level, and since that test is done, a big rally is close. His chart highlighted a possible breakout near the $3,200 level, which he expects to happen soon.
Another analyst, XForceGlobal, also shared his bullish view, saying that ETH’s recent price push to $2,800 is clearly a positive sign, supported by real-time data. He used the Elliott Wave theory to show the token’s potential rise to $9,400, saying Ethereum is still on track to reach new records this cycle. He added that his final target is around $9,000 to $10,000.
Several other experts have agreed with this view, as they believe that ETH can go even higher based on what has happened in earlier cycles and the current growing interest from big players.
Other analysts are very expectant of a new altcoin season they believe is starting soon. This is a phase where smaller coins often see strong growth. The Altcoin Season Index, which tracks this trend, has started showing early signs of movement. Joao Wedson, founder of Alphractal, confirmed this on X, saying that the index is giving signals and it’s time to get ready.
Also Read: Shiba Inu (SHIB) Price: Rally Above 2021 Highs Likely But One New Meme Coin Could Soar Higher With 24,038% Gains for Holders
