The Ethereum (ETH) network was seen recovering much better than the rest of the market. Despite enduring a fall of more than 15% over the past month, ETH was slowly getting back on track. The world’s largest altcoin was trading at $2,789.62 following a 2.08% rise over the past 24 hours. ETH went from trading at a low of $2,708.22 all the way to a high of $2,829.12.
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Is $10,000 An Ambitious Bet?
Historic data and past patterns have played a vital role in the market. A comparison of Etheruem’s recent price movement with that of Bitcoin during a prior bull cycle reveals a well-known bullish trend, according to Ted Pillows, a cryptocurrency analyst. The expert is convinced that Ethereum will reach $10,000 this cycle based on its historical tendency.
The price swings of Ethereum seem to be resembling those of Bitcoin during the bull market of 2015–2017. Before stabilizing and rising beyond resistance at $465, Bitcoin bottomed out between $201 and $205. Following this, it reached new all-time highs between $685 and $785.
Similarly, Ethereum has finished its accumulation period and just broke important resistance levels, according to the analyst’s idea. Ethereum has seen a great deal of volatility and has had difficulty recovering from market sell-offs that have caused its value to fall below $3,000. If history repeats itself, Ethereum could be on the verge of a major breakout, following Bitcoin’s past trajectory toward higher highs.
Ethereum is destined to go above $10,000 this cycle.
— Ted (@TedPillows) February 19, 2025
▫️ Highest TVL and stablecoin liquidity.
▫️ Institutional adoption and $ETH accumulation.
▫️ Lower inflation than BTC and 99% of the alts.
It's time to stop the bull posting about $5K ETH and start talking about $10K $ETH. pic.twitter.com/XnnuxIb9p7
In addition, other factors like increased institutional demand along with accumulation could boost the price of the altcoin.
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Ethereum 2025 Price Prediction
ETH’s jump to $10,000 seems far-fetched at the moment. But the cryptocurrency industry’s volatile nature has brought about several changes. According to data from CoinCodex, Ethereum is expected to trade between $1,992.92 and $6,552.71 in 2025. This is slated to occur during the last quarter of the year. Compared to the present rates, this may yield a potential return on investment of 134.57%.
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