Ethereum reaching $10K ‘can’t be ruled out’ as it trades sharply above SOL, XRP
Surging Ethereum Fuels $10,000 Price Discussions.
The prospect of Ethereum (ETH) reaching a $10,000 valuation is gaining considerable attention, propelled by a combination of favorable technical patterns, indications of an approaching “altseason,” and its strong performance relative to other leading cryptocurrencies such as Solana and XRP.
A recent significant recovery from pivotal support levels within established parabolic and triangular chart formations has invigorated optimism for such a substantial price increase.
Moreover, the emergence of historical chart patterns (fractals) and a resurgent Relative Strength Index (RSI) are mirroring conditions observed prior to major bull markets in 2016 and 2020, lending further credence to the potential for Ethereum to outperform.
Following an impressive rally exceeding 44% in just three days, which saw Ethereum’s native token, Ether, climb above $2,600 on May 11th, market discourse has increasingly focused on the possibility of a sustained ascent towards $10,000 in the ensuing months.
This ambitious five-figure projection is supported by several elements, including the appearance of advantageous fractal setups and Ether’s notable potential to surpass prominent competitors like Bitcoin, Solana, and XRP.
Parabolic Trajectory and Technical Indicators Support Upside
An examination of Ether’s long-term price behavior shows a consistent adherence to a parabolic curve, a pattern that has historically delineated its major market phases since 2015.
As of May 2025, the cryptocurrency has rebounded from the lower edge of this curve, around the $2,100 mark – a support level historically linked with the commencement of significant upward price movements.
Should this parabolic path continue, Ethereum’s next price objective could be the curve’s upper boundary, currently positioned near the $10,000 level.
This viewpoint is shared by analyst MilkyBull Crypto, who identifies a similar formation on Ethereum’s monthly chart and posits that a climb to $10,000 is technically feasible.
The recovery of the RSI from a long-standing support zone near 40 further reinforces the argument for this substantial price target.
Anticipation of Altcoin Season Bolsters Ethereum’s Prospects
Ethereum appears well-positioned to outperform its main cryptocurrency rivals, with a generally positive outlook buttressed by analyst expectations of an imminent “altcoin season.”
Market commentator Mister Crypto, for instance, suggests that alternative cryptocurrencies such as Ether could experience daily gains of up to 40% as investment potentially shifts from Bitcoin.
The Altcoin Season Index, having recently broken its downward trend from slightly below the 29 level, signals a possible reduction in Bitcoin’s market dominance.
Although the index currently resides in what is termed “Bitcoin Season” (below 25), this breakout pattern implies that altcoins, including ETH, may soon demonstrate superior performance.
Furthermore, technical charts indicate that Solana, a key Ethereum competitor, is forming a rising wedge pattern when paired against Ether, suggesting a potential depreciation for Solana in the near term.
A similar technical scenario is evident with XRP, hinting at a possible flow of capital from these alternative coins towards Ethereum.
Symmetrical Triangle Formation Echoes Past Bullish Breakouts
A long-term symmetrical triangle pattern on Ether’s chart offers additional evidence for a potential price surge beyond $10,000.
Currently, in May, Ether is in the process of regaining the lower boundary of this multi-year structure, following a brief dip in March, and has concurrently found support at its 200-2W exponential moving average (200-2W EMA).
Also Read: Ethereum Chart Suggests ‘Moon Shot’ Rise to New Price Highs if Verified – Trader
