Ethereum could be gearing up for a massive rally, according to crypto market analyst Ted Pillows, who points to a long-term bullish pattern that dates back to 2017.
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.
For now, ETH remains locked below key resistance levels. After facing two rejections at $2,600 in June, bulls are eyeing a breakout that could open the path toward $4,000 — the cycle peak so far. But technical confirmation is still lacking.
In on-chain activity, Ethereum network fees spiked by 130% over the past week, reaching $10.26 million. Meanwhile, exchange withdrawals surged to $293 million, reflecting investor confidence as more holders shift to self-custody.
At the time of writing, ETH trades at $2,421 with 24-hour gains flat and daily volume down 16%, sitting at $15.23 billion.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/analyst-spots-long-term-pattern-that-could-send-eth-to-10000/