The Ethereum price has recently demonstrated significant momentum, leading the altcoin market with a significant 13% increase over the past week. This surge has brought the cryptocurrency close to its all-time high, prompting a new wave of bullish predictions. Analysts Forecast Further Gains Market analyst Mags on social media platform X (formerly Twitter), highlighted a key milestone for the Ethereum price: after 1,146 days of price consolidation, the market&#8217;s second-largest cryptocurrency finally broke through the critical $4,000 level.  Related Reading: SwissBorg Founder Predicts Biggest Crypto Altcoin Cycle ‘Of Our Lifetime’ Historically, Ethereum made three attempts to surpass this threshold, encountering setbacks each time. However, in August, the fourth attempt proved successful, and the token has been consolidating above the $4,000 mark for several months. While there was a momentary setback when the price dipped to $3,800, bullish sentiment quickly returned, pushing the Ethereum price back above the $4,000 level and initiating a robust V-shaped recovery.  This technical pattern, according to the analyst, is highly bullish for the leading altcoin, with Mags suggesting that the next upward leg could target a new record price for ETH of $7,331, also aligning with the 1.618 Fibonacci extension level. Potential Ethereum Price Surge To $10,000 Macroeconomic factors also play a significant role in Ethereum&#8217;s potential for further gains. Analysts at CryptoQuant note that the US M2 money supply has entered a renewed expansion phase, hitting a record high of approximately $22.2 trillion.  Bitcoin (BTC) was the first to reflect this increase, soaring by over 130% since 2022 and showing a strong correlation with M2 growth of around 0.9. By contrast, the Ethereum price performance has lagged behind, rising by just around 15% during the same period, a phenomenon dubbed &#8220;liquidity lag&#8221; by the analysts. However, on-chain data compiled by CryptoQuant indicates that this gap may be narrowing. Notably, Ethereum&#8217;s exchange reserves have decreased to roughly 16.1 million ETH, a drop of more than 25% since 2022.  This suggests a structural decline in selling pressure, as netflows to exchanges remain consistently negative, indicating that ETH is being withdrawn for self-custody. Additionally, the Coinbase Premium Index has turned positive, signaling renewed interest from US institutional investors. Related Reading: XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens Past cycles have shown the Ethereum price tends to trail Bitcoin during the initial stages of monetary easing cycles. Yet, as Bitcoin&#8217;s dominance dips below 60%, capital often rotates into the altcoin market, leading to a rise in the ETH/BTC ratio.  CryptoQuant analysts assert this pattern appears to be re-emerging, hinting that the remainder of the year could see a shift away from a Bitcoin-centric market toward one driven by Ethereum and other altcoins. If global liquidity continues to expand and the trend of outflows from exchanges persists, the Ethereum price may align more closely with M2 growth, entering a new phase of revaluation. In such a scenario, ETH’s prospect of reaching $10,000 becomes increasingly possible, the analysts further added. Featured image from DALL-E, chart from TradingView.com

شهدت إيثريوم مؤخرًا ارتفاعًا بنسبة 13%، مما قربها من أعلى مستوى تاريخي لها وأثار موجة من التوقعات المتفائلة من المحللين. أشار محلل السوق ماغز إلى أنه بعد 1,146 يومًا من استقرار الأسعار، قد تشير هذه الديناميكية إلى مزيد من المكاسب للعملة المشفرة. هذا الأمر مهم لأنه يعكس ليس فقط الثقة المتزايدة للمستثمرين، ولكن أيضًا يبرز إمكانية إيثريوم للوصول إلى آفاق جديدة، مما يجعل هذه الفترة مثيرة لكل من المستثمرين وسوق العملات المشفرة.

Ethereum ha experimentado recientemente un aumento del 13%, acercándose a su máximo histórico y generando una ola de predicciones optimistas por parte de los analistas. El analista de mercado Mags destacó que, tras 1,146 días de consolidación de precios, este impulso podría indicar ganancias adicionales para la criptomoneda. Esto es significativo, ya que refleja no solo la creciente confianza de los inversores, sino que también resalta el potencial de Ethereum para alcanzar nuevas alturas, convirtiendo este en un momento emocionante tanto para los inversores como para el mercado de criptomonedas.

Ethereum a récemment connu une hausse de 13 %, le rapprochant de son niveau record et suscitant une vague de prévisions optimistes de la part des analystes. L'analyste de marché Mags a noté qu'après 1 146 jours de consolidation des prix, cette dynamique pourrait indiquer de nouveaux gains pour la cryptomonnaie. Cela est significatif car cela reflète non seulement la confiance croissante des investisseurs, mais souligne également le potentiel d'Ethereum à atteindre de nouveaux sommets, rendant ce moment passionnant pour les investisseurs et le marché des cryptomonnaies.

Ethereum has recently surged by 13%, bringing it close to its all-time high and sparking a wave of bullish predictions from analysts. Market analyst Mags noted that after 1,146 days of price consolidation, this momentum could indicate further gains for the cryptocurrency. This is significant as it not only reflects growing investor confidence but also highlights the potential for Ethereum to reach new heights, making it an exciting time for both investors and the broader crypto market.

Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next

After a brief moment of bullish performance in Bitcoin, the price experienced a sudden pullback due to a broader market shakedown, which caused BTC to revisit the $90,000 threshold. While this pullback has sparked a frenzy in the cryptocurrency community, on-chain data has revealed a shocking trend about the sudden pullback. True Capitulation, Not A [&#8230;]

شهد سعر البيتكوين مؤخرًا انخفاضًا كبيرًا، حيث عاد إلى مستوى 90,000 دولار بعد فترة قصيرة من الأداء الصعودي. وقد تم عزو هذا التراجع إلى اضطراب أوسع في السوق، مما أدى إلى حالة من الذعر بين المستثمرين وأبرز حدث استسلام في مجال العملات المشفرة.

El precio de Bitcoin ha experimentado recientemente una caída significativa, volviendo al umbral de $90,000 tras una breve fase alcista. Este retroceso se ha atribuido a una sacudida más amplia del mercado, provocando una ola de pánico entre los inversores y destacando un evento de capitulación en el espacio de las criptomonedas.

Le prix du Bitcoin a récemment connu une chute significative, revenant au seuil de 90 000 $ après une brève phase haussière. Ce recul a été attribué à un bouleversement plus large du marché, entraînant une vague de panique parmi les investisseurs et soulignant un événement de capitulation dans l'espace des cryptomonnaies.

Bitcoin's price has recently experienced a significant drop, revisiting the $90,000 threshold after a brief bullish phase. This pullback has been attributed to a broader market shakedown, leading to a wave of panic among investors and highlighting a capitulation event in the cryptocurrency space.

Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next

Was this article worth reading? Share it