Ethereum’s $10,000 Horizon: Multi-Cycle Ascending Channel Signals ETH’s Next Mega Rally – Time to Buy?
Ethereum isn’t just knocking on $10,000’s door—it’s kicking it down. A multi-cycle ascending channel, that stubborn technical pattern traders love to overanalyze, suggests ETH’s ready for a historic breakout. Forget ‘if’—it’s ‘when.’
### The Chart That’s Making Bulls Drool
Three years of consolidation, two halvings, and one endless stream of ‘institutional adoption’ press releases later—ETH’s setup mirrors pre-bull market conditions from 2020. Only this time, the stakes (and staking yields) are higher.
### Wall Street’s Late to the Party—Again
While traditional finance debates ‘digital gold 2.0,’ Ethereum’s real use case—printing gas fees and making degens rich—keeps scaling. The $10k target? Just a pitstop if DeFi summer 3.0 hits.
### The Cynic’s Corner
Sure, $10k ETH assumes crypto winter doesn’t return with a vengeance—and that Vitalik doesn’t pivot to AI-powered llama farming. But hey, in a market where ‘fundamentals’ mean whatever pumps your bag, technicals are the last religion standing.
Whale Activity and Withdrawals Reflect Long-Term Belief
On-chain data supports the bullish thesis. Whale wallets and institutions are steadily accumulating ETH, even as price action remains range-bound. Lookonchain reports SharpLink Gaming acquired $4.82 million worth of ETH OTC, raising its total exposure to $478 million.
Sharplink Gaming bought another $4,820,000 $ETH via OTC.
They now hold $425,470,000 Ethereum. pic.twitter.com/0QtDdHcUAS
Additional signs of confidence:
- $4.56M deposited into Ethereum’s Beacon Chain, likely for staking
- $293M withdrawn from exchanges—suggesting a move to cold wallets
- Low volatility accompanied by high-value transfers
These patterns suggest whales are preparing for future appreciation rather than trading short-term moves.
Network Growth vs Market Price: Disconnect or Opportunity?
Ethereum’s network activity is surging. Daily transactions have topped 1.5 million, and active addresses exceed 356,000—the highest levels since early 2023. Gas fees have jumped 130% in a week, reaching $10.26M, indicating increased demand for DeFi and NFT platforms.
Despite this, ETH’s price lags. Key valuation indicators reflect caution:
- NVT Ratio spiked to 2044—implying price may be ahead of usage
- MVRV Z-score dipped into negative territory, suggesting holders are underwater
This disconnect between price and fundamentals could be a hidden buying opportunity—or a sign of excessive hype.
Bitcoin Final Take: Breakout Depends on Key Levels
Although the Ethereum price prediction remains bullish, is it really heading toward $10,000? Well, that depends on:
- Break above $2,800 to confirm the trend
- Whale interest and staking flows to stick
- Network usage to translate into price gains
If ETH maintains its support around $2,400 and Bitcoin’s dominance stabilizes, Ethereum may follow with a breakout. Analysts at XForceGlobal expect a Wyckoff-style move toward $9,400 if momentum builds.
For now, ETH’s bullish trajectory is intact—but upside depends on reclaiming key resistance levels and validating long-term investor conviction through sustained volume and accumulation.
Bitcoin Hyper Presale Surges Past $1.74M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana VIRTUAL Machine (SVM), has surpassed $1.74 million in its public presale, with $1,748,091.98 raised out of a $1,974,249 target. The token is priced at $0.012075, with the next price tier expected within hours.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining serious traction.
