Ethereum Eyeing Rally To As High As $10,000
Crypto analyst XForce has recently sparked discussions in the crypto community with a bold prediction: Ethereum (ETH) could reach a remarkable new all-time high (ATH) of $10,000 during the current market cycle. Despite the absence of a strong macroeconomic backdrop to support this bullish assertion, XForce remains optimistic about this prospect, stating that it remains “ideal.”
In a recent post on X, XForce elaborated on Ethereum’s potential rally, suggesting that it could end up between $9,000 and $10,000. This comes after his analysis highlighted ETH’s short-term movement as being impulsively bullish, backed by real-time technical indicators. Essentially, this points to significant bullish sentiment as traders and investors buy into the altcoin.
What Could Drive Ethereum’s Rally?
While the prospect of ETH hitting $10,000 is enticing, XForce candidly noted that there’s currently no macro scenario lending support to this euphoric outlook. He considers this potential rally to be more of an idealized vision rather than a guaranteed outcome. Nonetheless, this bullish sentiment remains his primary prediction, showcasing the prevailing optimism among crypto analysts regarding Ethereum’s future.
Echoing XForce’s sentiments, another prominent crypto analyst, Venturefounder, recently predicted that Ethereum might also reach this $10,000 milestone. However, he emphasized that ETH’s ability to attain this target significantly hinges on its capability to convert the $4,000 mark into a reliable support level before the end of this year.
The Bullish Thesis Amidst Technical Indicators
Adding to the chorus of bullish predictions, another analyst known as Titan of Crypto has indicated that Ethereum is poised for a lift-off. In his analysis shared through an X post, Titan mentioned that following a failed breakout, ETH had deviated below expected levels but rebounded on the cloud, finding support within the critical range. He outlined that for a bullish momentum to reignite, Ethereum would need to clear the cloud structure and reclaim the Kijun around $2,500. Previously, he had also projected an ETH rally to potentially reach $8,500 in this market cycle.
An Ultra Bullish Scenario For ETH
In a further exploration of bullish scenarios, XForce remarked in response to public interest that Ethereum could conceivably rally to an astonishing $150,000 in an ultra-bullish scenario. This remark stemmed from an idealized 5-wave market structure analysis, wherein ETH is anticipated to reach this astronomical price point by Wave 5. Although this scenario may seem wildly optimistic, it remains an alternative in his analysis.
Accompanying this bold prediction, XForce provided a chart indicating that such levels might be achieved by July 2028. He acknowledged that while such predictions are indeed speculative, they invite consideration of extreme but possible outcomes in the ever-volatile crypto market. Importantly, XForce warned that neither the $10,000 nor the $150,000 predictions account for current macroeconomic realities, underscoring the uncertainty that defines cryptocurrency forecasting.
As of the latest updates, Ethereum’s price trades around $2,400, reflecting a slight dip in the past 24 hours according to CoinMarketCap. This current price underscores the volatility and unpredictability that often characterizes movements within the cryptocurrency landscape.