The native token of Ethereum, $ETH , has increased by more than 44% in just three days, surpassing US$2,600 yesterday, fueling new speculation from some analysts of a race towards US$10,000 in the coming months. The potential long-term price action of ETH follows a parabolic curve that has defined its major market cycles since 2015.
If this parabolic trajectory holds, Ethereum's next movement could be towards the upper limit of the curve, which currently crosses near the US$10,000 level.
