Ethereum aims to break the $10,000 barrier
🎯Market Momentum:
-Breaking the psychological barrier of $2,500, Ethereum is trading at $2,577 (+0.67%).
-Technical indicators suggest a positive golden formation with strong buying pressure – a net inflow of 11,680 Ethereum and continuous daily buying volumes ranging between 20-30 thousand Ethereum.
-The long-to-short buying ratio (29-33) confirms positivity in the market. Key Catalysts
🎯 The Ethereum Community Foundation (ECF) challenges the traditional approach with an ambitious price target of $10,000
🎯 Protocol Improvements: Surge and Danksharding upgrades enhance scalability
🎯 Institutional Interest: A $12.4 million purchase of Ethereum by SharpLink Gaming indicates increased adoption by companies
🎯 Institutional Tension: The ECF campaign "You Deserve Better!" contrasts with the technical focus of the original foundation
🎯Foundation Launch Trading Outlook: Watch for major resistance at $2,610-$2,620 and support at $2,450. Realistic targets for 2025: $3,300-$3,700, with the need for overall stability, faster adoption, and regulatory clarity to achieve the $10,000 target.
🎯Community Sentiment 77.7% positive based on the potential of Exchange-Traded Funds (ETFs), ECF marketing, and Ethereum's utility in Web3. Skeptics point to selling pressure and technical concerns regarding resistance, emphasizing that in case of accumulation.