The prominent crypto -market analyst TED pillows has shared a hooked view of the Ethereum market that tips Altcoin to achieve a price point of $ 10,000. The pillows’ bold prediction comes after a modest ETH prize uptake of 1.21% in the last week in response to Bitcoin Price Rebound. Altcoin, however, remains in a corrective trend after decreasing by 9.3% over the past month.
Ethereum ascending channel suggests $ 10,000 price targets – details
In one X post On June 27, Pillows sets an interesting analysis of the ETH market that illustrates the presence of multicecel rising channel that extends as far as 2017. With the help of two weeks’ commerce table, pillows show that EThereum test the lower limit for this channel when each cycle initiates a series of explosive market searches.
In 2017, a reconsideration led to this lower band to an astonishing 300X power, while 2020 catalyzed a 50x driving. In 2025, ETH seems to have touched the same technical level again and increased the possibility of yet another parabolic trait.
For this latest re -tasting, pillows adopt a conservative view and predict a modest 6X win, probably affected by Ethereum’s current market value of $ 292.25 billion and its increasing exposure to institutional investors, both signaling a maturity access. If these forecasts hold, ETH can switch past the $ 10,000 mark.
At the same time, several other analysts apart from Ted pillows with an ETH long-term price target of $ 10,000. For example, marketing expert with X users name Crypto Patel Recently echoed This view, which emphasizes that Ethereum must recover and hold above the $ 2,800 level as a key condition for further upwards.
At present, ETH Bulls is facing a large price barrier around the $ 2,600 level, where Altcoin has been rejected twice in the past month. Clearing this obstacle is crucial for a re -tasting of the key resistance to $ 2,800. A breakout above that level could open the road to the current bike peak close to $ 4,000.
Ethereum -Network Fees rise by 130%
In other developments is the analytics company Sentora reports That Ethereum Weekly Network fees hit $ 10.26 million representing a profit of 130% compared to the previous week. At the same time, Altcoin also experienced exchange valued at $ 293 million when investors move their holdings to private wallets that signal a strong marketing believer.
At the time of writing, Ethereum continues to trade at $ 2,421 and reflects a less 0.01% profit over the past 24 hours. At the same time, Altcoin’s daily trade volume is down by 16,135 and is valued at $ 15.23 billion.
Image from Pexels, Chart from TradingView
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