#Analyst's prediction:
Ethereum's historical trends show a possibility of rising to $10,000,
Reputed crypto market analyst Ted Plows has made an optimistic prediction for Ethereum that the cryptocurrency could reach the price of $10,000,
Plows' prediction comes after Ethereum's price rose 1.21% last week and Bitcoin's price recovered, although Ethereum is in a correction phase after falling 9.3% last month.
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.
According to him, Ethereum retests the lower limit of this channel on every two-week trading chart, which often causes the beginning of a strong increase in the market.
For example, in 2017, this limit The retest paved the way for a 300x increase and a 50x increase in 2020. Ethereum has also touched the same technical level in 2025, increasing the chances of another parabolic move.
Plowz has taken a cautious approach this time, predicting a possible 6x increase, which is due to Ethereum's current market capitalization of $ 292.25 billion and the growing interest of institutional investors, which is making Ethereum a mature asset.
If these predictions prove correct, Ethereum could surpass the $ 10,000 price target.
Many other analysts also support $ 10,000 as Ethereum's long-term target.
Market expert Crypto Patel has also emphasized that Ethereum will have to restore and maintain the $ 2,800 level for further growth to be possible.
F 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 essential 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.
In addition, investors have transferred $293 million worth of Ethereum to private wallets,