Ethereum's price is heading toward $10.000, supported by a bullish technical pattern and strong institutional interest. Analysts see clear signs of accumulation and breakout potential in the coming months.
Ethereum (ETH) is back in the spotlight, as analysts and fund managers are eyeing an ambitious target of $10.000 per unit with growing conviction. This projection, which until recently seemed distant, is now supported by clear technical signals and relentless institutional flow.
The main catalyst is not a speculative narrative, but a sustained accumulation by large financial players, led by BlackRock's ETHA fund, which has seen record inflows in recent weeks.
The technical pattern that accompanies this expectation is the ascending triangle, a classic charting pattern that typically predicts bullish breakouts when the price breaks through its horizontal resistance. In Ethereum's case, that resistance lies at $4.000. If it manages to break through with volume, analysts project a rapid expansion toward $8.000 and $10.000 by early next year.
BUY ETHEREUM ON BIT2METhe technical pattern that supports the Ethereum price projection
Ethereum is trading within an ascending triangle, characterized by rising lows that push the price toward horizontal resistance. This setup suggests cumulative pressure from buyers and typically culminates in a significant breakout when the top of the pattern is breached.
Currently, key resistance sits around $4.000. Cryptocurrency analyst Ali Martinez said via X that if ETH manages to close above this level with sustained volume, the immediate technical target lies at $10.000, as measured by the height of the triangle projected from the breakout point. This type of pattern has historically been reliable in previous cycles, and its presence on the weekly chart reinforces the thesis of a sustained expansion for the cryptocurrency.
But, beyond the graphical analysis, what gives weight to this projection is the confluence with other fundamental indicators, such as the institutional interest and massive accumulation of ETH in large wallets.
According to Martinez, 170 new whales with over 10.000 ETH have joined the network in the last month. Furthermore, citing data from Santiment, he highlighted that crypto whales have purchased more than 1,13 million ETH, worth $4.180 billion, in just the last two weeks, which is a strong sign of the growing institutional interest in this cryptocurrency.
Institutional interest sets the pace
BlackRock's iShares Ethereum Trust (ETHA) has been a key player in this new cycle of institutional ETH accumulation. In July, this investment fund saw inflows exceeding $540 million in a single day, bringing its holdings to over 2,3 million ETH. For experts, this move not only reflects confidence in the cryptocurrency but also positions Ethereum as a solid institutional alternative to Bitcoin.
Furthermore, the number of "whales," which are wallets holding more than 10.000 ETH, has increased significantly in the last month, as Martinez highlighted. This type of accumulation typically heralds significant price movements, as it reflects the conviction of investors capable of holding long-term positions.
The institutional narrative is reinforced by the potential approval of new Ethereum ETFs with staking capabilities, which could attract even more capital and solidify ETH's market dominance.
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Is the altcoin giant ready for a big leap?
Over the past 12 months, Ethereum has lagged Bitcoin. While the leading cryptocurrency has risen nearly 80%, ETH, which trades as the second most capitalized cryptocurrency on the market, has only gained 18%. This divergence has created a spread that many analysts consider unsustainable, especially if Ethereum manages to overcome its technical resistance.
The $4.000 area is considered the critical threshold. If ETH breaks through this level, it would open up room for an upswing of up to 80% from current prices, bringing the cryptocurrency closer to the $8.000 and $10.000 targets set by analysts. On the other hand, this ETH price projection is based on more than just technical analysis and institutional adoption. Analysts also rely on the historical analogy with the performance of the Dow Jones Industrial Average in the 80s, where an "expanding megaphone" pattern anticipated similar movements.
Thus, the combination of technical pressure, institutional accumulation, and on-chain metrics suggests that Ethereum could be on the cusp of a historic expansion.
BUY ETHEREUM HEREInstitutional Sights: On the Road to $10.000
In conclusion, Ethereum is exhibiting fundamental metrics and institutional behavior that anticipate a significant move. The ascending triangle experts are talking about, along with the robust inflow to funds like ETHA and whale accumulation, paints a favorable picture for a potential breakout toward $10.000.
Unlike previous cycles, this time the momentum doesn't appear to be coming from retail speculation, but rather from institutional conviction, reflected in record inflows and new financial product offerings. If ETH manages to break through its key resistance, the path to new highs could accelerate rapidly.
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