🚀 Ethereum Primed for $10K Surge in Next Altcoin Frenzy: Top Analyst’s Bold Call

Ethereum's gearing up to smash records—again. With altcoin season looming, one analyst's throwing gasoline on the crypto bull case: a $10K ETH price target that'd leave traditional finance clutching their pearls.

The setup: History says when altcoins run, Ethereum leads the charge. This time, scaling upgrades and institutional adoption could turn that $10K prediction from meme to reality.

Wall Street's nightmare: Imagine explaining to your boomer portfolio manager why a 'magic internet money' protocol now dwarfs Goldman Sachs' market cap. Bonus points if you do it while sipping a decentralized martini.

Other experts have also shared similar thoughts. They believe Ethereum could climb higher based on past market cycles, especially with new interest from large investors. 

Moreover, this HYPE is not just about Ethereum. The return of the “AltSeason” is near, and many analysts are expecting it. This is a phase in the market where altcoins start to pick up a surge in their price. The Altcoin Season Index, a tool that tracks this trend, is now showing early signals.

Joao Wedson, the founder of Alphractal, also confirmed this on X, “The Altcoin Season Index is flashing signs of opportunity… Make sure you are prepared,” he said.

In addition, Bitcoin is leading the market with a 65.77% share. Its dominance has reached a monthly high. In the past, when Bitcoin’s dominance hit around 70% and then started to drop, altcoins usually started to rise fast. Mikybull believes we’re close to that point. He said, “A full-blown altseason probably begins from this point.”

Popular analyst Rekt Capital also compared this to the early years. He said that Bitcoin’s market share is just 5.5% away from hitting 71% for the first time since early 2021. That could be the trigger for the next rally. Another analyst, The Chart Degen, said on June 27, “Pick the right altcoins and make a disgusting amount of money over the coming months.”

At the time of writing, Ethereum is trading for $2,422 on Friday, June 27. The ETH price is consolidating sideways between $2,460 and $2,390. Surging to $9,000 or $10,000 as the analyst predicted is about a 293% to 339% surge from the current price, according to CoinMarketCap.

Also Read: crypto Price Today (June 25): BTC Dominance Hits High, Altcoins Miss Action