Ethereum’s Historical Pattern Signals Imminent $10,000 Breakout – Here’s Why

Ethereum isn't just flirting with all-time highs—it's rewriting the playbook. A chillingly accurate historical trend suggests ETH could soon smash the $10,000 barrier, leaving skeptics scrambling.

The Bull Case Nobody's Talking About

While Wall Street obsesses over Fed rate cuts, Ethereum's price action mirrors its 2021 pre-bull run structure. The same fractal that predicted its last 5x surge is flashing again—only this time, institutional adoption adds rocket fuel.

Why This Cycle Hits Different

Spot ETH ETFs drained exchanges faster than a crypto conference open bar. With staking yields still juicy and layer-2 adoption exploding, the network's fundamentals have never looked stronger. (Unlike your altcoin portfolio, probably.)

Analysts warn: ignore this setup at your peril. The charts whisper $10K—but whether traditional finance finally listens depends on how long they can pretend blockchain is 'just a fad.'

Ethereum Ascending Channel Suggests $10k Price Target – Details

In an X post on June 27, Pillows states an interesting analysis of the ETH market highlighting the presence of multi-cycle ascending channel that stretches as far as 2017. Using the two-weeks trading chart, Pillows shows that ethereum retests the lower boundary of this channel once every cycle initiating a series of explosive market gains.

Notably, In 2017, a retest to this lower band led to an astonishing 300x surge, while in 2020, it catalyzed a 50x run. In 2025, ETH appears to have touched the same technical level once again, raising the possibility of yet another parabolic move.

For this most recent retest, Pillows adopts a conservative outlook, forecasting a modest 6x gain, likely influenced by Ethereum’s current market cap of $292.25 billion and its increasing exposure to institutional investors, both of which signal a maturing asset. If this projections hold, ETH could surge past the $10,000 mark.

Meanwhile, several other analysts aside from Ted Pillows resonate with an ETH long-term price target of $10,000. For example, market expert with X username Crypto Patel recently echoed this outlook, emphasizing that Ethereum must reclaim and hold above the $2,800 level as a key condition for further upside.

Presently, ETH bulls face a major price barrier around the $2,600 level, where the altcoin has been rejected twice in the past month. Clearing this hurdle is crucial for a retest of the key resistance at $2,800. A breakout above that level could open the path toward the current cycle peak NEAR $4,000.

Ethereum Network Fees Rise By 130%

In other developments, analytics company Sentora reports that the Ethereum weekly network fees hit $10.26 million representing a 130% gain on previous week. Meanwhile, the altcoin also experienced exchange withdrawals valued at $293 million as investors MOVE their holdings to private wallets signaling a strong market confidence. At the time of writing, Ethereum continues to trade at $2,421 reflecting a minor 0.01% gain in the past 24 hours. Meanwhile, the altcoin’s daily trading volume is down by 16.135 and valued at $15.23 billion.

Featured image from Pexels, chart from Tradingview