Ethereum (ETH) on Track for $10K: 3 Bullish Factors to Watch in the Next Cycle

As covered recently, Ethereum is often dubbed the Crown Prince, and ETH price is expected to reach new all-time highs before 2025. Having said that, several bullish indicators and market patterns support the possibility of Ether (ETH) reaching $10,000 soon.

In this article, we will cover the 3 Bullish Factors To Watch In The Next Cycle Of Ethereum (ETH) In Its Track To $10K:

2023-2024 Fractal Suggests Further Upside Momentum

While analysts previously predicted that ETH’s exchange value will peak by January 2025, one key factor behind this optimistic outlook is how closely Ethereum’s price action follows a past fractal pattern observed between January 2023 and March 2024.

Moreover, according to Global Macro Investor head of macro research Julien Bittel, Ethereum’s current price action closely resembles this earlier consolidation period, where ETH ranged between $1,500 and $2,000 before breaking out to $3,500. If ETH continues to follow this pattern with a similar momentum, we could see a bullish breakout targeting $10,000 by the end of the year.

Fibonacci Analysis Points To The $10K Target

Next up, another interesting aspect that could play a role in Ethereum’s growth is technical analysis based on Fibonacci retracement levels, moving averages (EMA), and the relative strength index (RSI). Throughout previous bull cycles, such as 2

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