According to Cointelegraph, Ethereum (ETH) rebounded from a key support level, with its price rising over 44% in three days to reach $2,600, sparking market speculation about a possible breakthrough of $10,000.
Historical price patterns and RSI recovery resembling those seen before the rallies of 2016 and 2020 enhance Ethereum's potential. Analysts believe ETH may outperform Bitcoin, Solana, and XRP in the coming months.
ETH's long-term price trend continues to follow a parabolic curve that has been in place since 2015; if this trend holds, ETH could reach the $10,000 ceiling.
Analyst MilkyBull Crypto points out that ETH's monthly chart technically does not rule out the possibility of it rising to $10,000.
The performance of ETH's competitors, Solana and XRP, suggests that more capital may flow into Ethereum, further supporting expectations of its price increase.
