FameEX Hot Topics | Why Ethereum Might Hit $10K in the Upcoming Bull Cycle

Bullish fractals, long-term technical patterns, and favorable macroeconomic trends indicate that Ethereum (ETH) could reach $10,000 by 2025. One key reason for this projection is the resemblance to a previous price fractal observed from January 2023 to March 2024, as noted by Julien Bittel, head of macro research at Global Macro Investor.

During this period, ETH's price consolidated between $1,500 and $2,000 before surging to $3,500. The current price action is closely mirroring this pattern, suggesting that if Ethereum continues its momentum, it could experience a bullish breakout, potentially pushing it towards the $10,000 mark by year-end.

The second factor supporting Ethereum’s potential rise involves another fractal that includes a long-term Fibonacci retracement graph, exponential moving averages (EMA), and the relative strength index (RSI) on the weekly chart. Historically, Ethereum’s price has shown similar behavior during previous bull runs in 2017-2018 and 2020-2021, where sharp corrections followed parabolic growth.

If ETH follows this trajectory, a rally from its 2022 low of $1,080 would place the 1.618 Fibonacci extension level at $6,978 and the 2.618 extension at $10,623. Currently, Ethereum's weekly chart shows an attempt to reclaim the 50-week EMA at $2,749, while the 200-week EMA at $2,104 has historically marked the bottom of significant corrections.

The RSI stands neutral at 46, indicating ample room for further upward movement. If Ethereum can reclaim these key levels and maintain its momentum, it could realistically target $6,978 and potentially reach $10,623, following established fractal patterns and technical indicators. This combination of factors suggests a bullish outlook for Ethereum in the coming years.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.