TED PLUDS, a prominent Crypto market analyst, shared an upward look at the ETHEREM market that tends to Altcoin to achieve a price point of $ 10,000. The bold prediction of the pillows comes after a modest ETH price by 1.21 % last week in response to the bitcoin price. However, Altcoin remains in a corrective direction after a 9.3 % decrease last month.
The ETHEREUM channel proposes the goal of $ 10,000 – details
In the X Publishing on June 27, the pillows stipulate an interesting analysis of the ETH market highlighting the presence of a multi -cycling upward channel that extends until 2017. Using the trading scheme for two weeks, the pillows show that ETHEREUM re -testing the lower borders of this channel once each cycle starts from a series of explosive market gains.
It is worth noting, in 2017, the re -test to this lower range led to an amazing increase of 300x, while in 2020, it stimulated the 50x race. In 2025, ETH appears to have touched the same technical level again, which raises the possibility of another equivalent step.
For this last test, the pillows adopt a conservative look, predicted with a modest 6X profit, is more likely affected by an ETHEREUM current market of $ 292.25 billion and its increasing exposure to institutional investors, both of which indicate mature assets. If these expectations are steadfast, ETH may exceed $ 10,000.
Meanwhile, many other analysts regardless of TED methods resonate with the target of a long -term ETH price of $ 10,000. For example, the market expert at X Username Crypto Patel recently chanted this view, stressing that Ethereum should recover and stick to a level of $ 2800 as a major condition for more upward trend.
Nowadays, Bulls ETH faced a major price barrier around the level of $ 2600, as Altcoin was rejected twice last month. The disinfection of this obstacle is very important to re -test the main resistance of $ 2,800. The collapse above this level can open towards the peak of the current cycle near 4000 dollars.
ETHEREUM network fees increase by 130 %
In other developments, Analytics Sentora stated that the ETHEREUM weekly network fees amounted to $ 10.26 million representing a profit of 130 % in the previous week. Meanwhile, Altcoin also witnessed $ 293 million exchanges, as investors move their property to a private governor, which indicates confidence in the strong market.
At the time of this report, ETHEREUM continues to trade at $ 2,421, which reflects a simple profit of 0.01 % in the past 24 hours. Meanwhile, the daily trading volume in Altcoin decreased by 16.135 and a value of $ 15.23 billion.
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