ETH Price Prediction: Is $10,000 Possible in the Next Cycle?

#ETH

• Technical Indicators: ETH's MACD and Bollinger Bands suggest potential upward momentum.
• Market Sentiment: Whale activity and bullish price targets ($4,000) drive optimism.
• Risks: Regulatory uncertainty and market volatility could impact short-term performance.

ETH Price Prediction

Ethereum Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst Ava, ethereum (ETH) is currently trading at $2,456.73, slightly below its 20-day moving average (MA) of $2,480.61. The MACD indicator shows a bullish crossover with the MACD line at 119.14 above the signal line at 110.95, suggesting potential upward momentum. Bollinger Bands indicate a relatively tight range, with the upper band at $2,708.60 and the lower band at $2,252.61. Ava notes that a break above the 20-day MA could signal a bullish reversal, while failure to hold support at the lower band may lead to further downside.

Ethereum Market Sentiment: Whale Activity and Bullish Targets

BTCC financial analyst Ava highlights that Ethereum's market sentiment is bullish, driven by whale activity and analyst predictions targeting $4,000. News of Coinbase Canada's call for a national crypto strategy and BTCS Inc.'s $57.8M investment in Ethereum staking further bolster confidence. However, Ava cautions that regulatory concerns, such as Congressman's criticism of the SEC, could introduce volatility. Overall, the combination of technical and fundamental factors suggests a positive outlook for ETH.

Factors Influencing ETH’s Price

Ethereum Whale Activity Sparks Market Speculation as Analyst Eyes $4,000 Target

Decade-old Ethereum wallets are stirring as the cryptocurrency shows signs of renewed momentum. A dormant address from Ethereum's 2014 ICO era transferred 1 ETH after ten years of inactivity, revealing an extraordinary 787,000% return on an initial $310 investment now valued at $2.44 million.

Market observers note parallel activity with another whale moving $12.1 million worth of ETH to Kraken exchange. These movements coincide with analyst Cyclop's prediction of ETH reaching $4,000 this summer, despite Standard Chartered revising its 2025 target downward to the same level from previous higher estimates.

The reactivation of legacy wallets occurs against a backdrop of record-high ETH accumulation, even as the asset trades 49% below its all-time peak. Short positions have reached unprecedented levels, creating what some traders view as potential fuel for an upward price movement.

Ethereum Price Prediction: Is $10,000 Coming Next Cycle?

Ethereum has regained momentum with a sharp upward move, retesting weekly highs after a period of stagnation. Over 35 million ETH—nearly 30% of its total supply—is now staked, creating a supply squeeze that historically precedes price surges when demand accelerates.

Analysts recall Ethereum's past bull runs: a 300x surge in 2017 and a 50x rally in 2021. While such extremes aren't expected this cycle, a sixfold increase from current levels could propel ETH past $10,000.

Short-term technicals remain bullish. Holding above $2,415 suggests continued upside, with resistance tests near Thursday's peak signaling building momentum. A breakout could target $2,570-$2,620, confirming bullish control.

Coinbase Canada CEO Calls for National Crypto Strategy at Consensus 2025

Lucas Matheson, CEO of Coinbase Canada, urged the Canadian government to accelerate the development of a national cryptocurrency strategy during his panel appearance at Consensus 2025 in Toronto. Matheson emphasized Canada's historical role as a blockchain innovator, referencing Ethereum's origins and the country's strong Web3 developer community.

"We need leadership. We need champions in government to embrace this technology and legitimize it in the eyes of the everyday Canadian," Matheson stated. His remarks come as global competitors advance their regulatory frameworks, potentially leaving Canada behind in the race for crypto dominance.

BTCS Inc. Secures $57.8M to Amplify Ethereum Staking and Node Operations

BTCS Inc., a blockchain technology firm, has inked a financing deal to raise up to $57.8 million via convertible notes, with an initial tranche of $7.8 million already issued. The capital will be directed toward purchasing Ethereum (ETH) to scale validator node operations and staking activities, bolstering the company's blockchain infrastructure.

The notes, convertible into common stock at $5.85 per share—a 194% premium to the May 13, 2015 closing price of $1.99—carry a two-year maturity and a 5% issuance discount. The remaining $50 million is contingent on investor agreements, signaling confidence in BTCS's Ethereum-centric strategy.

New Era in Ethereum Wallets Empowers Users with Enhanced Features

The Ethereum network's Pectra update has introduced the EIP-7702 standard, rapidly gaining traction with over 11,000 authorizations within a week. This innovation enhances standard Ethereum wallets by integrating smart wallet functionalities, significantly improving accessibility for non-technical users.

EIP-7702 eliminates the need for users to migrate to non-standard smart wallets, reducing technical complexity. Traditional externally owned accounts (EOAs) can now temporarily authorize smart contracts, mimicking smart wallet behavior without permanent changes to their setup.

MetaMask Considers Launching Native Token Amid Crypto Industry Growth

MetaMask, one of the most widely used Ethereum wallets, is actively exploring the introduction of a native token to strengthen its position in the rapidly evolving cryptocurrency sector. Co-founder Dan Finlay hinted at potential plans during a recent podcast with TheBlock, though no definitive timeline or details were disclosed.

Finlay suggested that if a token were issued, it would likely be integrated directly into the wallet interface, providing users with seamless access. The move could further cement MetaMask's role as a gateway to decentralized finance and Web3 applications.

While the Ethereum wallet's team continues to debate the token's utility and distribution model, the market watches closely. MetaMask's dominance in wallet infrastructure makes this potential development significant for ETH ecosystem participants.

MetaMask Considers Altcoin Launch Amid Crypto Community Speculation

MetaMask co-founder Dan Finlay reignited discussions about a potential native token during a recent podcast appearance. The Ethereum wallet's leadership remains noncommittal but acknowledges ongoing evaluation of an altcoin release.

Community speculation dates back to 2021 developer conversations, with current deliberations occurring against a shifting regulatory landscape for digital assets. MetaMask maintains its official wallet channels as the sole source for future updates.

BTCS Announces Strategic Ethereum Acquisition Plan via Convertible Bond Offering

BTCS, a US-based blockchain technology firm, is making institutional waves with a $57.8 million convertible bond initiative targeting Ethereum accumulation. The company has already deployed $7.8 million in the initial tranche, with remaining allocations contingent on partner agreements. "Ethereum stands at an inflection point," states CEO Charles Allen, drawing parallels to MicroStrategy's Bitcoin treasury strategy.

The move signals growing institutional confidence in ETH's long-term value proposition as a core balance sheet asset. Unlike diversified crypto portfolios, BTCS is concentrating its war chest exclusively on Ethereum purchases—a bullish bet on the network's post-Merge fundamentals and upcoming protocol upgrades.

Congressman Accuses SEC's Gensler of Political Theater in Crypto Regulation

Former Congressman Patrick McHenry has revealed a stark contrast between Gary Gensler's public and private positions on cryptocurrency during his tenure as SEC chair. While Gensler maintained a hardline regulatory stance publicly, McHenry claims the SEC leader privately acknowledged the value of digital assets and supported innovations like token airdrops.

This duality, attributed to pressure from progressive Senate figures and political survival instincts, allegedly distorted crypto regulation and damaged the SEC's credibility. The controversy extends to Ethereum's regulatory status, with McHenry accusing Gensler of misleading Congress despite internal SEC documents potentially classifying ETH as a security.

JPMorgan Advances Proprietary Crypto Network Amid Divergent Bank Strategies

JPMorgan Chase & Co. is forging ahead with its closed-loop cryptocurrency network, bucking the trend of major financial institutions leveraging public blockchains like Ethereum. The banking giant's blockchain division, Kinexys, recently executed its first transaction using a public ledger—a strategic move enabled through partnerships with Chainlink and Ondo Finance.

While competitors explore permissionless ecosystems, JPMorgan's walled-garden approach prioritizes controlled access for institutional clients. This development coincides with intensifying regulatory scrutiny of public blockchain applications in traditional finance.

Ethereum Eyes $4,000 as Open Interest Hits $33 Billion Amid Bullish Rally

Ethereum's price surge past $2,700 marks a 92% rally over 35 days, fueled by a rounding bottom pattern and heightened open interest. The second-largest cryptocurrency now tests the 50% Fibonacci retracement level, with traders speculating about a potential climb to $4,000.

Market dynamics show ETH outperforming Bitcoin, gaining 7% on May 13 alone before entering a brief consolidation phase. The breach of the 200-day EMA at $2,436 signals strong bullish momentum, though the $2,700 psychological resistance remains a key battleground.

Is ETH a good investment?

Based on current technical and fundamental analysis, Ethereum (ETH) presents a compelling investment opportunity. Below is a summary of key data:

BTCC analyst Ava emphasizes that ETH's bullish MACD crossover and strong market sentiment, including whale activity and institutional interest, support a positive outlook. However, investors should monitor regulatory developments and broader market trends.