 
 
Ethereum (ETH), the second most valuable cryptocurrency by market capitalization, could kick off an outstanding bullish rally this year that could send the asset to a previously unseen level.
This is according to pseudonymous analyst XForceGlobal, whose recently outlined technical analysis positions ETH as an asset primed to hit $10,000 in the long term.
In a post shared on X, the analyst shared a chart displaying an Elliott Wave analysis, highlighting a continued uptrend that suggests that an even more bullish rally is underway.
“The move up on the shorter timeframes was objectively impulsive (bullish w/ real time data). ETH is still looking to shoot for new ATH’s this cycle and should end around $9,000-$10,000, give or take.” The analyst wrote.
Although he maintains that macro factors do not validate his bullish take, his outlook remains the same.
 
As he is quoted as saying;
“No macro scenario is providing a ‘good look’ and remains only ideal in nature using context; however, this idea remains as my primary idea for now.”
One expert who observed that the altcoin season index is flashing signs of opportunity went on to reveal that although the index has remained in the “Bitcoin season” zone, reflecting a consistency in Bitcoin outperforming altcoins over the aforementioned period, he believes that this time could serve as an accumulation period for market participants.
At the time of this report, ETH is up 4.60% over the last 24 hours and is trading at $2,774. Although the altcoin has emerged as the best performer within the top 10 categories, in the last 90 days, with gains going above 30%, losses sustained over the last 30-days are yet to be cleared.
Source: https://zycrypto.com/analyst-makes-bold-10k-price-prediction-for-ethereum-as-altcoin-season-indicators-persists/