Distinguished crypto market analyst Ted Pillows has shared a bullish outlook of the Ethereum market tipping the altcoin to realize a $10,000 worth level. Pillows’ daring prediction comes after a modest ETH worth uptick of 1.21% prior to now week in response to Bitcoin worth rebound. Nevertheless, the altcoin stays in a corrective development after declining by 9.3% prior to now month.
Ethereum Ascending Channel Suggests $10k Worth Goal – Particulars
In an X post on June 27, Pillows states an attention-grabbing evaluation of the ETH market highlighting the presence of multi-cycle ascending channel that stretches so far as 2017. Utilizing the two-weeks buying and selling chart, Pillows exhibits that Ethereum retests the decrease boundary of this channel as soon as each cycle initiating a sequence of explosive market positive factors.
Notably, In 2017, a retest to this decrease band led to an astonishing 300x surge, whereas in 2020, it catalyzed a 50x run. In 2025, ETH seems to have touched the identical technical stage as soon as once more, elevating the potential of one more parabolic transfer.
For this most up-to-date retest, Pillows adopts a conservative outlook, forecasting a modest 6x achieve, probably influenced by Ethereum’s present market cap of $292.25 billion and its growing publicity to institutional traders, each of which sign a maturing asset. If this projections maintain, ETH might surge previous the $10,000 mark.
In the meantime, a number of different analysts other than Ted Pillows resonate with an ETH long-term worth goal of $10,000. For instance, market professional with X username Crypto Patel recently echoed this outlook, emphasizing that Ethereum should reclaim and maintain above the $2,800 stage as a key situation for additional upside.
Presently, ETH bulls face a serious worth barrier across the $2,600 stage, the place the altcoin has been rejected twice prior to now month. Clearing this hurdle is essential for a retest of the important thing resistance at $2,800. A breakout above that stage might open the trail towards the present cycle peak close to $4,000.
Ethereum Community Charges Rise By 130%
In different developments, analytics firm Sentora reports that the Ethereum weekly community charges hit $10.26 million representing a 130% achieve on earlier week. In the meantime, the altcoin additionally skilled trade withdrawals valued at $293 million as traders transfer their holdings to personal wallets signaling a robust market confidence.
On the time of writing, Ethereum continues to commerce at $2,421 reflecting a minor 0.01% achieve prior to now 24 hours. In the meantime, the altcoin’s day by day buying and selling quantity is down by 16.135 and valued at $15.23 billion.
Featured picture from Pexels, chart from Tradingview
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