#Ethereum Ethereum’s historical trends show a potential increase to $10,000,

Reputed crypto market analyst Ted Plows has made an optimistic prediction regarding $ETH

Ethereum that the cryptocurrency could reach a price of $10,000,

In a post on June 27, Ted Plows analyzed the Ethereum market and identified the presence of a multi-cycle ascending channel that has been running since 2017. For example, a retest of this range in 2017 paved the way for a 300-fold increase and a 50-fold increase in 2020. Ethereum has also touched the same technical level in 2025, increasing the chances of another parabolic move,

Plows has taken a cautious approach this time, predicting a possible 6-fold increase, which is based on Ethereum’s current market capitalization of $292.25 billion and the growing interest of institutional investors. , which is making Ethereum a mature asset,

Ethereum is currently facing a major hurdle at the $2,600 level where it has been rejected twice in the past month, breaking this barrier is necessary for a retest of the key resistance at $2,800, and then it could move towards the current cycle peak of around $4,000,

Meanwhile, according to a report by Sentura, Ethereum’s network weekly fees have increased by 130%, now reaching $10.26 million,