The eminent analyst of the cryptography market, Ted Pillows, shared an upward perspective of the Ethereum market to switch Altcoin to reach a price of $ 10,000. The daring prediction of the pillows comes after a modest increase in the price of the ETH of 1.21% in last week in response to the bounce of the Bitcoin price. However, Altcoin remains in corrective trend after decreasing 9.3% in the last month.
Ethereum Ascending Channel suggests the price target of $ 10,000 – Details
In a post X on June 27, the pillows indicate an interesting analysis of the ETH market highlighting the presence of a multi-cycle ascending channel which extends until 2017. Using the two-week negotiation table, the pillows show that Ethereum retains the lower limit of this channel once at each cycle initiating a series of explosive market gains.
In particular, in 2017, a retest of this lower band led to an astonishing 300x overvoltage, while in 2020, he catalyzed a 50x race. In 2025, ETH seems to have again touched the same technical level, which increased the possibility of another parabolic movement.
For this new retest, the pillows adopt a conservative perspective, providing a gain of 6x modest, probably influenced by the current market capitalization of Ethereum of 292.25 billion dollars and its growing exposure to institutional investors, which both signal an active maturation. If these projections are maintained, ETH could exceed the $ 10,000 mark.
Meanwhile, several other analysts apart from TED pillows resonate with a long -term price target of $ 10,000. For example, an expert in the X Username Crypto Patel market recently echoed these prospects, stressing that Ethereum must recover and maintain the level of $ 2,800 as a key condition for further.
Currently, the ETH bulls are faced with a major price barrier around the level of $ 2,600, where Altcoin was rejected twice in the last month. Cleaning this obstacle is crucial for a retaining of the key resistance at $ 2,800. An escape above this level could open the way to the peak of the current cycle nearly $ 4,000.
Ethereum network fees increased by 130%
In other developments, the Sentora analysis company reports that the Weekly Ethereum network fees reached $ 10.26 million representing a gain of 130% the previous week. Meanwhile, Altcoin has also experienced withdrawals of exchange worth $ 293 million while investors move their assets to private wallets reporting strong market confidence.
At the time of writing the editorial staff, Ethereum continues to negotiate $ 2,421 reflecting a minor gain of 0.01% in the last 24 hours. Meanwhile, Altcoin’s daily trading volume is down 16.135 and worth $ 15.23 billion.
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