Ethereum (ETH) Mirrors 2021 Price Action As Bulls Target $10,000 By 2026
Ethereum's chart patterns are flashing déjà vu—and traders are betting big on history repeating itself.
The $10,000 Target
Analysts point to eerily similar momentum indicators and volume patterns from ETH's last major bull run. The same Fibonacci retracements that predicted previous breakouts now suggest a clear path toward five figures.
Institutional money keeps flowing into ETH ETFs—because nothing says 'mature asset class' like wild speculation based on four-year-old charts. Smart money's positioning for what could be crypto's next legendary rally.
Will lightning strike twice? The technicals say yes. The fundamentals say maybe. And your traditional portfolio manager? Still trying to figure out how to short it.
Short-Term ETH Correction To Precede Major $10,000 Rally – Analyst
In an X post on September 20, Pillows shared a technical analysis of the ETH market, which shows that the altcoin is consolidating just below its 2021 all-time high (ATH), indicating a price behavior that is potentially bullish based on historical data.
Currently trading just below $4,500, ethereum has been unable to hold decisively above its previous cycle peak of $4,878 set in November 2021. However, the present consolidation mirrors a similar setup from the last bull cycle. In 2021, ETH experienced a sharp 25% correction after retesting the 2017 ATH of $1,400, before resuming its meteoric climb to new highs above $4,800.
In applying this pattern to today’s market, Ted Pillows states a comparable correction would send ETH back toward the $3,700–$3,800 zone. While such a price decline may unsettle short-term traders, the Pillows’ analysis suggests it is a necessary reset before Ethereum can stage a breakout.
Once this corrective phase plays out, the market expert projects Ethereum to embark on a powerful rally to potentially reach $10,000 by early 2026, representing a potential 100% gain from current market levels.
ETH DEX Volume Hits $3.5 Trillion
In other news, Ethereum’s decentralized exchange (DEX) activity is surging, with cumulative DEX trading volume surpassing $3.5 trillion, according to data shared by Coin Bureau. This milestone underscores Ethereum’s dominance as the backbone of decentralized finance (DeFi), fueling liquidity and trading across the crypto ecosystem.
Despite this achievement, Ethereum’s price has come under pressure in the past week alongside other crypto assets. The prominent is currently trading at $4,470, marking a 4.32% decline in the past 7 days. Meanwhile, daily trading volume is also down by 47.31% and valued at $17.1 billion.
In a separate X post, Ted Pillows has also noted that if Ethereum fails to reclaim the $4,500 level, the next key support lies between $4,000 and $4,200. While this range will be crucial for maintaining bullish momentum, a deeper pullback to below $4,000 WOULD still align with bullish historical behavior as earlier stated.
