Key Insights:
- ETH price appears to be tracing the same footprint as Gold, with a top analyst revealing an Ethereum price prediction of $10,000.
- An important level to watch out for is that top analyst Ali_charts believes the next stop for Ethereum’s price is $4,400.
- Each pullback has found support at a slightly higher level, suggesting that long-term buyers are gradually accumulating.
A bullish Ethereum price prediction has caught the traders’ eye just after BitMine’s chairman confirmed the recent dislocation of Ethereum price was a buying signal.
Top expert analyst Merlijn the Trader wrote on X that ETH price would soon hit five figures while mirroring Gold’s recent breakout.
Before this happens, popular X analyst Ali_Martinez noted the next Ethereum target is $4,400.
Read on to discover in detail Ethereum price journey to $10,000, as well as important levels to watch out for in the near-term.
Ethereum Price to $10,000?
Markets often move in rhythms, and occasionally, those rhythms align across very different assets.
The correlation between gold (XAUUSD) and Ethereum (ETHUSD) is one of those rare alignments.
On the left side of Merlijn The Trader’s chart on X, gold’s multi-year breakout tells a familiar story.
After repeatedly testing resistance near the same horizontal level (marked by red arrows), gold finally gathered enough momentum to break decisively higher.
The consolidation boxed in green was the final accumulation phase before the explosive rally that followed.
Now, on the right side, Ethereum appears to be tracing that same footprint almost step for step.
The structure is strikingly similar with multiple failed attempts to break resistance, followed by a deep retracement (the green arrow), and now a renewed challenge at the same ceiling. The parallel is hard to ignore.
If this fractal continues to play out, Ethereum could be on the verge of its own breakout phase.
The setup suggests that a confirmed close above the horizontal resistance could open the door to a strong upward trend. It could potentially mark the start of a long-awaited move for Ethereum price into five-digit territory.
While no pattern guarantees an outcome, history has a way of echoing itself in markets driven by psychology and liquidity. Gold led the charge.
Now, ETH price may be preparing to follow that same path.
Ethereum Price Prediction: Next Target Is $4,400
Ali Martinez has also revealed a bullish Ethereum price prediction, hinting at a potential rally to $4,400.
In his latest analysis, Ali highlights a well-defined descending channel that has been guiding Ethereum’s movements since late September.
Each touch of the upper boundary has led to a swift pullback, while every test of the lower boundary has produced a solid rebound. The rhythm is clear, and the pattern remains consistent.
Right now, Ethereum appears to be rebounding from the lower trendline once again, hinting that momentum could be shifting back toward the upper boundary of the channel.
If the current recovery continues, the next logical target aligns near $4,400 to $4,440, an area that also coincides with prior local highs and resistance from early October.
However, traders should stay alert. A failure to sustain this bounce could see Ethereum revisiting the lower end of the channel near $3,800, where buyers have stepped in before.
As always, structure precedes trend and Ethereum’s ability to reclaim the midline of this pattern will likely determine the pace and strength of the next move.
Crypto GEM’s $7,000 ETH Price Target
According to another Ethereum price prediction by crypto maxi Crypto GEM, ETH price action has been consolidating within a tightening range since its 2021 highs. It forms what appears to be a bullish pennant pattern.
Historically, this formation signals the continuation of an uptrend once the breakout occurs.
Over the past few years, Ethereum has respected both the upper and lower boundaries of this structure, building a series of higher lows that quietly reflect growing strength beneath the surface.
Each pullback has found support at a slightly higher level, suggesting that long-term buyers are gradually accumulating.
Now, as the chart edges closer to the apex of the pennant, momentum is starting to shift. A clean breakout above the descending resistance line could set the stage for a move higher.
If this pattern plays out, Ethereum could target levels around $7,000 and beyond, aligning with the projected trajectory on the chart.