Prominent crypto market analyst Ted Pillows has shared a bullish outlook of the Ethereum market tipping the altcoin to achieve a $10,000 worth level. Pillows’ daring prediction comes after a modest ETH worth uptick of 1.21% previously week in response to Bitcoin worth rebound. However, the altcoin stays in a corrective pattern after declining by 9.3% previously month.
Ethereum Ascending Channel Suggests $10k Price Target – Details
In an X post on June 27, Pillows states an attention-grabbing evaluation of the ETH market highlighting the presence of multi-cycle ascending channel that stretches so far as 2017. Using the two-weeks buying and selling chart, Pillows exhibits that Ethereum retests the decrease boundary of this channel as soon as each cycle initiating a sequence of explosive market features.
Notably, In 2017, a retest to this decrease band led to an astonishing 300x surge, whereas in 2020, it catalyzed a 50x run. In 2025, ETH seems to have touched the identical technical stage as soon as once more, elevating the potential for one more parabolic transfer.
For this most up-to-date retest, Pillows adopts a conservative outlook, forecasting a modest 6x achieve, doubtless influenced by Ethereum’s present market cap of $292.25 billion and its growing publicity to institutional traders, each of which sign a maturing asset. If this projections maintain, ETH might surge previous the $10,000 mark.
Meanwhile, a number of different analysts apart from Ted Pillows resonate with an ETH long-term worth goal of $10,000. For instance, market professional with X username Crypto Patel recently echoed this outlook, emphasizing that Ethereum should reclaim and maintain above the $2,800 stage as a key situation for additional upside.
Presently, ETH bulls face a significant worth barrier across the $2,600 stage, the place the altcoin has been rejected twice previously month. Clearing this hurdle is essential for a retest of the important thing resistance at $2,800. A breakout above that stage might open the trail towards the present cycle peak close to $4,000.
Ethereum Network Fees Rise By 130%
In different developments, analytics firm Sentora reports that the Ethereum weekly community charges hit $10.26 million representing a 130% achieve on earlier week. Meanwhile, the altcoin additionally skilled alternate withdrawals valued at $293 million as traders transfer their holdings to non-public wallets signaling a powerful market confidence.
At the time of writing, Ethereum continues to commerce at $2,421 reflecting a minor 0.01% achieve previously 24 hours. Meanwhile, the altcoin’s every day buying and selling quantity is down by 16.135 and valued at $15.23 billion.
Featured picture from Pexels, chart from Tradingview
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