Ethereum at USD 10K "cannot be ruled out": ETH recorded strong gains against SOL and XRP
The bullish fractals of Ethereum, the emerging signals of an altseason, and the strength over SOL and XRP fuel speculation of the price target of USD 10,000 for ETH.
Key points:
Ether has rebounded from key levels of parabolic and triangular support, reigniting the possibility of a breakout to USD 10,000.
Historical fractals and the recovery of the RSI reflect setups prior to rallies seen in 2016 and 2020.
The signals of altcoin season and the strength against rivals like SOL and XRP boost Ethereum's potential to outperform.
the native token of Ethereum, has increased by more than 44% in just three days, surpassing USD 2,600 on May 11, fueling new speculation of a race towards USD 10,000 in the coming months.