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Ethereum Prepares to Break Through: Is the 10,000 USD Mark the Next Target?
After years of sideways trading, Ethereum is showing strong signs that this cryptocurrency will break through the 4-year accumulation zone. Many cryptocurrency analysts are comparing this bullish run to the last time it occurred - when ETH increased nearly 20 times in just 12 months. With the ongoing growth momentum, some even predict that the ETH target will reach $10,000 in the near future. Why is this breakthrough important? In technical analysis, a long consolidation phase often leads to explosive price volatility when an asset breaks out of its range. Ethereum has spent the last four years primarily fluctuating between $1,000 and $4,000. However, recent price action suggests that ETH may finally be preparing to break through this resistance zone. If history repeats itself, the consequences could be very significant. The most recent strong breakout from the trading range has taken ETH from around $300 to over $4,000 - a 20-fold increase. Although no two cycles are exactly alike, many believe that the fundamentals of Ethereum and the increasing acceptance rate will be the driving force for another major bullish rally.
What Could Push ETH Price Up to $10,000? Some factors that could push the price of Ethereum higher: Institutional Interest: With more and more investment funds entering cryptocurrency, ETH remains the top choice after Bitcoin. Ethereum 2.0: The upgrade to proof-of-stake has improved scalability and energy efficiency. DeFi and NFT: Many decentralized applications and NFT platforms continue to run on Ethereum, increasing demand for this type of asset. Although the market is still volatile, the current situation seems promising. If Ethereum can maintain its growth momentum and break through in volume, the price level of $10,000 ETH may no longer be a dream—it could very well become a reality.