🚀 Ethereum Builds Strength – $10K in Sight if History Repeats?
Ethereum is showing serious resilience, holding strong above the key $2,400 level — a critical battleground between bulls and bears. After bouncing 75% from its April lows, ETH still sits nearly 98% below its all-time high, leaving room for major upside if momentum kicks in.
Despite market caution due to macro and geopolitical uncertainty, long-term traders are watching a classic pattern that could lead to explosive gains. Analyst Pillows notes ETH has historically tested its lower trendline once per cycle — each time followed by a massive rally.
📈 In 2017, ETH gained 300x. In 2021, it returned 50x. Even a modest 6x could send Ethereum to $10,000 this cycle.
Currently, ETH trades around $2,422. Bulls are trying to push past tough resistance at $2,518–$2,536 (50 & 100 SMA on 12H chart). A breakout above $2,550 could light the way toward $2,800+.
However, if ETH drops below the 200 SMA at $2,160, bears may regain control.
The market is at a tipping point — a breakout could confirm altseason is heating up.
🟢 Support: $2,160
🔴 Resistance: $2,550
📍 Current Price: $2,422
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