Ethereum Price Bounces Back, Analysts Predict Possible Breakthrough of $10,000

AI Summary

According to Cointelegraph, Ethereum (ETH) rebounded from a key support level, with its price rising over 44% in three days to reach $2,600, sparking market speculation about a possible breakthrough of $10,000.

Historic price patterns and RSI recovery are similar to the setups seen before the rallies 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 trajectory of ETH continues to follow a parabolic curve established since 2015, and if this trend holds, ETH could reach a ceiling of $10,000.

Analyst MilkyBull Crypto points out that the monthly chart for ETH technically does not rule out the possibility of it rising to $10,000.

The performance of ETH's competitors Solana and XRP suggests that more capital could flow into Ethereum, further supporting expectations for its price increase.#ETH突破2500