Bitsky000
06/29 05:17
Analyst Spots Long-Term Pattern That Could Send ET
Analyst Spots Long-Term Pattern That Could Send ETH to $10,000
Despite ETH’s muted price action recently, Pillows believes the altcoin may be entering a phase that has previously led to explosive gains.
In a recent post, Pillows highlighted Ethereum’s multi-year ascending channel, noting that each cycle’s retest of the lower boundary has historically triggered powerful upside moves. A similar technical setup preceded a 300x rally in 2017 and a 50x gain in 2020. This time, he projects a more modest sixfold increase — one that could still send ETH beyond $10,000.
His forecast accounts for Ethereum’s growing maturity, particularly its $292 billion market cap and increasing institutional interest, which may temper volatility but support steady growth. Other analysts have echoed the $10K target, with Crypto Patel suggesting ETH must reclaim $2,800 to confirm bullish momentum.
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