Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has made a daring prediction for Ethereum (ETH), setting the timeline for when the world\u2019s second-largest cryptocurrency would embark on a significant rally to new all-time highs above $10,000.\u00a0 Here\u2019s When Ethereum Will Reach $10,000 A crypto analyst identified as \u2018Yoddha,\u2019 on X (formerly Twitter) has announced the timeline for Ethereum\u2019s ascent above $10,000. According to Yoddha, Ethereum is expected to rally massively after a period of accumulation and decline, continuously rising above $10,000 by the end of the year.\u00a0 Related Reading: Why Did The Bitcoin Price Rise Above $66,000 Today? The analyst\u2019s ambitious predictions are based on historical trends exhibited by Ethereum from 2016 to 2024. He shared a chart depicting Ethereum\u2019s price action over these years, highlighting periods of accumulation, interim peaks and volatility.\u00a0 Yoddha disclosed that from 2019 to 2021, Ethereum witnessed a period of accumulation marked by multiple price fluctuations, including long declines and short rallies. Following this, Ethereum surged significantly, reaching a peak of $4,867 towards the end of 2021. This price range aligns with the cryptocurrency\u2019s all-time high of $4,878, achieved during the previous bull market cycle in 2021.\u00a0 Based on these historical trends, Yoddha identified a similar accumulation phase in Ethereum\u2019s price movements during this current market cycle. The analyst noted that from 2022 to early 2024, Ethereum experienced an accumulation and slightly bearish phase.\u00a0 Prior to reaching a record high of $4,088 on March 12, 2024, Ethereum had experienced a bearish trend in 2022 and 2023. The cryptocurrency also faced declines on several occasions in 2024, especially around April and May.\u00a0 Yoddha has indicated that Ethereum has successfully concluded this accumulation and bearish period and is on track to witness a massive rally towards $15,346, extending into the end of 2024.\u00a0 Analyst Says ETH Could Start Altcoins Season In another X post, Yoddha indicated that Ethereum could start the upcoming altcoins season. The crypto analyst has consistently emphasized the impending launch of the highly anticipated altcoins season in 2024.\u00a0 He revealed that altcoins will begin to gain more attraction once the hype surrounding meme coins diminishes. Additionally, Yoddha revealed that 2024 could issue the biggest altcoins season, encompassing healthy pullbacks and new all-time highs. Related Reading: End Of The Road For BNB After 200% Surge? Mounting Resistance Threatens Rally Presently, the price of Ethereum is trading at $3,024, reflecting a 1.58% decline over the past month, according to CoinMarketCap. A surge above $10,000 will require the cryptocurrency to jump by more than $7,000, fueled by a notable uptick in investor demand and interest in the cryptocurrency as well as the potential introduction of an Ethereum Spot ETF in 2024.\u00a0 Crypto analyst, Ali Martinez has revealed that currently, Ethereum\u2019s TD Sequential is presenting a \u201cbuy signal\u201d on ETH\u2019s daily price chart. He predicts that Ethereum could witness a rebound of one to four candlesticks from its recent price drop. Chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":608614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-608600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n