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Ethereum’s Bullish Surge: Analyst Predicts $10,000 ATH This Cycle

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06-29

In a bold prediction that has caught the attention of the crypto community, analyst XForce has forecasted that Ethereum (ETH) could reach a new all-time high (ATH) of $10,000 in the current market cycle. Despite acknowledging the lack of macro fundamentals to support this bullish outlook, XForce described the $10,000 target as "ideal" based on current technical indicators. The prediction is bolstered by observations of impulsive moves on shorter timeframes, which suggest genuine bullish momentum. Another analyst, Venturefounder, has also expressed optimism, further fueling speculation about Ethereum's potential surge. As of June 2025, the crypto market remains highly volatile, but such predictions highlight the growing confidence in Ethereum's long-term prospects. Investors and traders are closely monitoring these developments, as Ethereum continues to solidify its position as a leading digital asset in the blockchain ecosystem.

Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle

Ethereum could surge to a new all-time high of $10,000 this market cycle, according to crypto analyst XForce. While acknowledging the absence of macro fundamentals supporting this bullish outlook, XForce described the target as "ideal" given current technical indicators.

The prediction follows observations of impulsive moves on shorter timeframes, suggesting genuine bullish momentum. Venturefounder, another analyst, echoed the $10,000 forecast but cautioned that ETH must first establish $4,000 as support by Q4 2024 to validate the trajectory.

Titan of Crypto added to the optimism, noting ethereum appears primed for a breakout after finding stable support following a failed deviation.

Ethereum Bears Sold $2.5 Billion: Will It Impact ETH Price?

Ethereum's price stability amid significant whale selling suggests underlying market resilience. Over the past 48 hours, addresses holding 1 million to 10 million ETH offloaded 1.06 million tokens worth $2.57 billion—a typically bearish signal. Yet ETH's price held firm.

The IOMAP chart reveals a critical demand zone between $2,349 and $2,421, where 65.83 million ETH ($159 billion worth) were acquired. This concentration of buy-side liquidity creates formidable support, making sustained downward movement unlikely. Market structure implies accumulation beneath current levels.

Ethereum Reclaims $2.4K Support Amid Fading Momentum

Ethereum has surged past the $2,400 mark, buoyed by positive funding rates and taker buy dominance on derivatives platforms. Binance data shows a notable shift toward Leveraged long positions, reflecting trader optimism for further gains.

Despite the bullish structure, on-chain weakness emerges as a concern. Over 177,000 ETH flowed into Binance in three days, signaling potential profit-taking by large holders. This influx raises short-term risks even as the broader trend remains upward.

Technical analysis reveals ETH trading within a rising channel pattern, with the RSI at a neutral 47. The asset's ability to hold above $2,200 will be critical to sustaining momentum. Market participants are cautiously assessing whether this consolidation phase will precede another leg higher or a retracement.

Ethereum Whale Activity Surges as Over $9M in ETH Accumulated in Hours

Ethereum is witnessing a resurgence of whale activity, with major players accumulating nearly 3,877 ETH worth $9.4 million in a matter of hours. SharpLink Gaming, a known institutional buyer, added 1,989 ETH via an OTC deal, while wallet "0x1fc7" staked an additional 1,888 ETH—extending its bullish positioning.

Network fees have spiked 130.4% this week, reflecting heightened DeFi demand and blockchain utility. Exchange netflows show $293 million exiting platforms, signaling strong hodling sentiment. Staking contracts now hold over 35 million ETH, representing 28.3% of total supply.

Ethereum Transaction Activity Surges as Analysts Predict Breakout Toward $10K

Ethereum's network activity has surged to its highest level since 2023, with over 1.5 million daily transactions recorded. This spike in on-chain interactions signals growing investor interest, even as ETH consolidates below $2,500. Analysts point to a Wyckoff reaccumulation pattern, suggesting a potential breakout toward $3,200—with some targeting $10,000 in the next rally.

Active addresses have risen modestly to 356,000 daily users, reflecting sustained engagement across DeFi, NFTs, and smart contracts. The divergence between robust network metrics and price stagnation hints at accumulation. "The sleeping giant is about to wake up," tweeted crypto analyst Rover, sharing charts showing ETH's on-chain momentum.

At $2,427, Ethereum's $293 billion market cap demonstrates resilience amid volatility. Trading volume remains strong at $11.74 billion in 24 hours, with altcoin season indicators flashing. As the backbone of Web3 infrastructure, ETH's fundamentals appear poised to lead the next market upswing.

Ethereum Whale Accumulation Intensifies Amid Weak On-Chain Signals

Ethereum whales are aggressively accumulating ETH, with institutional players like SharpLink Gaming adding 1,989 ETH ($4.82 million) in an OTC deal, bringing its total holdings to 190,467 ETH ($478 million). Another whale, 0x1fc7, staked 3,201 ETH last week and has now purchased an additional 1,888 ETH ($4.56 million), depositing it directly into the Beacon Chain.

Despite this bullish activity, ETH's price remains stagnant around $2,428, highlighting a disconnect between accumulation and market reaction. On-chain metrics paint a mixed picture: Ethereum's Network Growth briefly spiked to 250,000 new addresses before collapsing to 24,800, suggesting speculative or bot-driven activity rather than organic adoption. The NVT Ratio has surged to 2044, while Large Holder Netflows decline, raising questions about short-term sustainability.

The market's muted response to whale accumulation, coupled with weakening network growth and a negative MVRV Z-score, casts doubt on Ethereum's near-term upside potential. Institutional interest remains strong, but without broader retail participation, ETH may struggle to maintain momentum at current levels.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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