Ethereum’s $10K Surge: History Repeats as May’s Bullish Pattern Signals Imminent Breakout

Ethereum isn’t just flirting with all-time highs—it’s rewriting the playbook. Again.

Last May’s explosive rally set the stage, and now ETH’s price action is mirroring that trajectory with eerie precision. Traders who missed the first run are scrambling for position.

The $10,000 target? No longer a meme. Institutional inflows, deflationary burns, and a frothy options market suggest this train has no brakes. Even the skeptics are sidelined—for now.

But let’s not pretend Wall Street won’t try to ‘discover’ blockchain again when the suits finally catch on.

Ethereum Is Mirroring Its Move From May

May 2025 has remained one of the most bullish for the Ethereum price so far this year, rallying by more than 40% in a 30-day period. The price had gone from a low of around $1,770 to a high of $2,650 before retracing. But the most important thing was the trend and how the price moved before finally reaching its high. There was an initial surge, then some sideways movement, before the final upsurge to $2,600, and then the eventual top.

According to crypto analyst CryptosBatman on the social media platform X (formerly Twitter), the ethereum price is once again mirroring this price movement that led to its 40% surge. The post highlights the fact that Ethereum has already seen an initial breakout and has begun to move sideways. However, this sideways move is not expected to last long and is actually part of the overall move.

As the crypto analyst explained, the same triangle pattern that formed in May 2025 is now forming after the Ethereum price crossed the $3,000 range. Hence, the sideways movement is expected as investors take profit.

Once the sideways accumulation is done and the triangle pattern is broken, then Ethereum is expected to begin rallying once again. The next target from here is above $3,600.

Factors Driving The ETH Bullish Momentum

Other than the fact that the Ethereum price has formed a similar triangle pattern to what was seen back in May, there are also notable developments in terms of accumulation that are also driving the price. For one, Spot Ethereum ETF inflows have continued to ramp up.

Data from the Farside website shows that Ethereum ETFs have recorded positive net flows for almost two weeks straight now. The likes of BlackRock and Fidelity are leading the charge with tens of thousands of ETH being bought up daily.

Ethereum treasury companies are now the rave of the moment as the likes of SharpLink and BitMine begin accumulating hundreds of millions of dollars in ETH. This rise in institutional adoption has become one of the major pushes for Ethereum as investors clamor for new highs.