Ethereum Eyes $10K as Multi-year Resistance Turns into Strong Support Level

Key Insights:

• Ethereum turns long-term resistance into support, signaling a possible price surge toward $10,000.
• Institutional demand and global liquidity growth strengthen Ethereum’s bullish setup and market confidence.
• Tokenized gold supply on Ethereum doubles to $2.7B, boosting real-world asset activity on-chain.

Ethereum (ETH) has entered a key breakout phase as analysts observe that the cryptocurrency has flipped a multi-year resistance level into support. The move has fueled market optimism, with some traders forecasting a potential climb toward the $10,000 mark.

Ethereum Breaks Key Technical Barrier

Market observers say Ethereum has turned its former resistance zone into a solid support area. The level, which rejected price advances multiple times in the past, is now holding firm. This shift has raised expectations for a continued upward trend in the coming weeks.

According to CryptoELlTES, a market analyst, stated that ETH has officially flipped multi-year resistance into support.  Adding that each rejection in the past has now turned into confirmation. The analyst highlighted that if the current pattern continues, Ethereum could target the $10,000 level, suggesting that momentum is building, and the breakout phase may have already started.

Ethereum is currently trading at $4,109.80, with a 24-hour trading volume of $66 billion, according to data from CoinMarketCap. The asset is up 0.03% in the past 24 hours, maintaining steady price action as traders monitor market direction.

Institutional Interest and Global Liquidity Growth

However, institutional attention toward Ethereum continues to grow in tandem with the expansion of global liquidity. Analysts note that as liquidity in traditional markets rises, capital is likely to flow into digital assets, particularly Ethereum.

Merlijn The Trader commented that “Ethereum is lagging behind M2 global liquidity. Global liquidity is rising. Institutional bids are stacking.” He added that once staking receives full approval, the most hated rally will begin, projecting a long-term price target of $10,000. 

This view aligns with the broader trend of increasing institutional exposure to Ethereum through staking and exchange-traded products. Many see this as a step toward deeper integration of the asset within regulated markets.

Rising On-Chain Activity and Tokenized Assets

Ethereum’s network activity continues to strengthen through real-world asset (RWA) tokenization. The growing interest in tokenized commodities such as gold has expanded the utility of the Ethereum network.

The supply of tokenized gold on Ethereum has doubled since the beginning of 2025, reaching $2.7 billion. This increase signals rising demand for on-chain financial instruments, adding to Ethereum’s long-term value narrative.

The combination of technical strength, institutional engagement, and rising on-chain activity positions Ethereum as one of the most closely watched digital assets as it eyes the $10,000 milestone.