According to Cointelegraph, Ethereum (ETH) rebounded from a key support level, with its price rising over 44% in three days to reach $2600, sparking market speculation about a potential breakthrough of $10000.
Historical price patterns and RSI recovery are similar to the setups before the rises in 2016 and 2020, enhancing Ethereum's potential. Analysts believe ETH may outperform Bitcoin, Solana, and XRP in the coming months.
The long-term price trend for ETH continues to follow a parabolic curve since 2015, and if this trend is maintained, ETH could reach the $10000 ceiling.
Analyst MilkyBull Crypto points out that the monthly chart for ETH technically does not rule out the possibility of it rising to $10000.
The performance of ETH's competitors, Solana and XRP, suggests that more capital may flow into Ethereum, further supporting expectations for its price increase.
