Ethereum's recent technical breakouts suggest its price could skyrocket to $10,000 this cycle. The Altcoin Season Index, currently at 35, indicates that altcoins are lagging behind Bitcoin, but experts believe this could be a great opportunity to accumulate them. Bitcoin's dominance is at 65.77%, and historically, a full-blown altseason occurs when Bitcoin's dominance hits 70% and then drops significantly ¹ ².

*Key Factors Influencing Ethereum's Price:*

- *Technical Advancements*: Ethereum's ongoing developments and upgrades could drive its price up.

- *Institutional Adoption*: Increasing interest from institutions in Ethereum's unique use cases, such as DeFi and NFTs, could boost its value.

- *Market Sentiment*: A shift in focus from Bitcoin to Ethereum could catalyze a significant price increase.

*Expert Predictions:*

- *Short-term Price Movement*: Ethereum is expected to trade between $2,391.62 and $2,463.38 today, with a potential price range of $2,400.46 to $2,495.98.

- *Long-term Potential*: Some analysts predict Ethereum could reach $10,000 to $30,000 by 2030.

*Altcoin Season Index Insights:*

- *Current Status*: The index is at 35, indicating a Bitcoin season.

- *Historical Trends*: When the index rises above 20%, altcoins tend to outperform Bitcoin.

- *Investment Strategy*: Experts suggest accumulating altcoins during Bitcoin season, as they may surge when Bitcoin's dominance drops .