Ethereum Bulls Target $10,000 Rally Despite Near-Term Headwinds
Ethereum (ETH) is still trading above the psychologically key $4,400 level. It has stayed very stable over the past week, even though the
Quick overview
- Ethereum is currently trading above the key $4,400 level, showing stability despite market volatility.
- Technical analysis suggests a potential bullish breakout with a target of $10,000, driven by a 'megaphone pattern' on the weekly chart.
- Short-term concerns exist as ETH struggles to maintain levels above $4,630, with critical support at $4,400.
- On-chain indicators indicate increased network activity, supporting a positive long-term outlook for Ethereum.
Ethereum ETH/USD is still trading above the psychologically key $4,400 level. It has stayed very stable over the past week, even though the rest of the market has been very volatile. The second-largest cryptocurrency is having some technical problems right now, but long-term analysts are becoming more and more positive about its future. Some are even predicting that it might rise to $10,000 based on new chart patterns.
ETH/USD Technical Analysis Points to Multi-Year Bull Cycle
Jelle, a crypto expert, has found a big “megaphone pattern” on Ethereum’s weekly chart. This is a broadening shape with higher highs and lower lows that happens before big price changes. When this technical structure is confirmed by a breakout above resistance, it has traditionally led to big price increases in the cryptocurrency markets.
The pattern’s first goal is the important $5,000 resistance level, where CoinGlass exchange data shows that about $5 billion in short bets might be liquidated. If this happened, it would probably give the megaphone pattern more upward impetus, which could speed up its final $10,000 target.
Jackis, a technical expert, agrees with this positive view and says that ETH is “insanely bullish for years to come” after breaking out of a 4.5-year institutional accumulation range. This analysis says that the last four-year market cycle ended in December 2024, which opened the door for a new period of structural growth.
Immediate Technical Concerns Cloud Short-Term Outlook
Even while the long-term outlooks are good, Ethereum has a number of technical problems in the short term that could push back the expected breakout. Recently, the cryptocurrency couldn’t keep going above $4,630, and it made two unsuccessful tries to move higher in that area.
Current technical indications show that things don’t seem good for the near future. ETH is below both the $4,550 mark and the 100-hourly Simple Moving Average. The hourly MACD, on the other hand, is gaining strength in negative territory. The Relative Strength Index (RSI) has also dropped below the neutral 50 level, which means that purchasing pressure is getting weaker.
The $4,400 support level will be a very important test. If this zone doesn’t hold, analysts say that prices might drop to $4,320 or possibly $4,250, which could cause more selling and push back the optimistic scenario.
ETH Whale Activity and Liquidity Dynamics
Crypto trader Merlijn talks about how important the $5,100 level is, calling it a “dense sell wall” and saying that it is “the kind of level whales dream about.” This amount of liquidity could draw in institutional investors that want to cause big short liquidations.
The trader’s analysis indicates that advanced market participants would endeavor to propel prices into this liquidity pocket, potentially generating the impetus required for a bigger megaphone pattern breakout.
Ethereum Network Activity Surge Supports Fundamental Strength
On-chain indicators are giving good signs for Ethereum’s long-term future, in addition to technical patterns. PelinayPA, a contributor to CryptoQuant, says that there was a huge increase in the number of new contracts made between 2024 and 2025, especially when ETH rose beyond $4,500.
This rise in network activity, mostly due to increasing interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and institutional adoption, has historically been linked to long-term price increases. The pattern is similar to the bull market of 2020–21, when contract creation shot up along with the DeFi and NFT boom. This was a major reason why ETH rose to all-time highs.
Ethereum Price Predictions and Timeline
Several well-known analysts have given Ethereum’s possible rally specific price goals and time frames. Tom Lee, co-founder of Fundstrat, thinks that ETH might hit $5,500 “in the next couple of weeks.” Geoffrey Kendrick of Standard Chartered has a more ambitious objective of $7,500 by the end of the year.
But analysts say that the way up might not be straight. Jackis warns of possible “mid-term shakeouts” before the next big rise, similar to the $25,000 fall in Bitcoin in mid-2023 that came before a big rally.
Market Correlation and Risk Factors
Even if ETH has done better than Bitcoin recently, ecoinometrics’ correlation research indicates that the two assets are still very similar, with a five-year average over 0.8. This connection shows that Ethereum’s path could still be affected by a general weakness in Bitcoin, even if it has its own technological advantages.
The megaphone pattern itself has built-in dangers because it can turn bearish if momentum stops at important resistance levels. Volume confirmation will be very important for proving that any attempt to break out above $5,000 is real.
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