{"id":649657,"date":"2024-10-24T17:30:58","date_gmt":"2024-10-24T17:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=649657"},"modified":"2024-10-24T12:13:17","modified_gmt":"2024-10-24T12:13:17","slug":"ethereum-price-at-10000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-at-10000\/","title":{"rendered":"Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains"},"content":{"rendered":"

The <\/span>Ethereum price<\/span><\/a> is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current<\/span> symmetrical triangle formation<\/span><\/a>.\u00a0<\/span><\/p>\n

ETH Triangle Breakout Targets $10,000<\/h2>\n

Trader Tardigrade has<\/span> predicted<\/span><\/a> Ethereum\u2019s next<\/span> price target to $10,000<\/span><\/a> based on an ascending trendline and symmetrical triangle pattern. To be more precise, the analyst has confirmed that the Ethereum price has been following a distinctive ascending trendline and is now forming a key symmetrical triangle pattern, which often indicates an<\/span> imminent price breakout<\/span><\/a>.<\/span><\/p>\n

Related Reading: Analyst Says Dogecoin Price Looks \u2018Ready\u2019, Predicts 5,202% Surge<\/a><\/div>\n

In light of these developments, Trader Tardigrade has revealed that, historically, Ethereum has experienced explosive rallies to new highs after<\/span> breaking out of symmetrical triangle patterns.<\/span><\/a> Sharing an Ethereum price chart confirming this observation, Trader Tardigrade revealed that from June 2022 to the present, the Ethereum price has broken out of multiple symmetrical triangle patterns while playing on an ascending trendline.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

Before April 2023, the cryptocurrency\u2019s price broke out of a symmetrical triangle, which led to a massive 70.73% price increase to new highs. Similarly, from around October 2023 to the beginning of 2024, the cryptocurrency experienced its second breakout, triggering a massive 140.4% price rally.<\/span><\/p>\n

Based on these<\/span> historical bullish trends<\/span><\/a>, Trader Tardigrade has noted that Ethereum is approaching its third breakout from its current symmetrical triangle pattern. In the last breakout, the cryptocurrency had doubled its gains, jumping 70% from the first breakout to 140%.\u00a0<\/span><\/p>\n

With this in mind, the analyst has projected that this next breakout could result in a 280% price increase for Ethereum, doubling its 140% jump from the second breakout. Moreover, if Ethereum\u2019s price increases by this projected 280% rally, then its price could potentially reach $10,000.\u00a0<\/span><\/p>\n

Update On The Ethereum Price Action<\/h2>\n

Despite<\/span> bullish projections<\/span><\/a> suggesting that Ethereum could be gearing up to hit new all-time highs, the cryptocurrency has been under<\/span> significant downward pressure<\/span><\/a>, experiencing major declines and slow growth. To the dismay of<\/span> Ethereum investors<\/span><\/a>, the cryptocurrency has declined again by 2.20% in the last 24 hours, after experiencing a 4.1% decrease over the past week, according to CoinMarketCap.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price Shows Bearish Engulfment After Breakout, Here\u2019s How Far The Price Could Crash<\/a><\/div>\n

The ongoing<\/span> decline in Ethereum<\/span><\/a> has also prompted significant backlash from many crypto community members, with analysts<\/span> ranking<\/span><\/a> it as one of the most underperforming assets from the previous market cycle. While other crypto members<\/span> emphasize<\/span><\/a> how disappointing the cryptocurrency\u2019s price performance has been lately.\u00a0<\/span><\/p>\n

As of writing, the Ethereum price is trading at $2,517, with many<\/span> predicting<\/span><\/a> that the cryptocurrency could drop even lower and possibly<\/span> trigger<\/span><\/a> a downturn for other altcoins in the market if it fails to maintain the 0.038 BTC\/ETH level.\u00a0\u00a0<\/span><\/p>\n

\"Ethereum
ETH price above $2,500 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.\u00a0 ETH Triangle Breakout Targets $10,000 Trader Tardigrade has predicted Ethereum\u2019s next price target to $10,000 based on an ascending trendline and symmetrical triangle pattern. To be more precise, the analyst has confirmed that the Ethereum price has been following a distinctive ascending trendline and is now forming a key symmetrical triangle pattern, which often indicates an imminent price breakout. Related Reading: Analyst Says Dogecoin Price Looks \u2018Ready\u2019, Predicts 5,202% Surge In light of these developments, Trader Tardigrade has revealed that, historically, Ethereum has experienced explosive rallies to new highs after breaking out of symmetrical triangle patterns. Sharing an Ethereum price chart confirming this observation, Trader Tardigrade revealed that from June 2022 to the present, the Ethereum price has broken out of multiple symmetrical triangle patterns while playing on an ascending trendline.\u00a0 Before April 2023, the cryptocurrency\u2019s price broke out of a symmetrical triangle, which led to a massive 70.73% price increase to new highs. Similarly, from around October 2023 to the beginning of 2024, the cryptocurrency experienced its second breakout, triggering a massive 140.4% price rally. Based on these historical bullish trends, Trader Tardigrade has noted that Ethereum is approaching its third breakout from its current symmetrical triangle pattern. In the last breakout, the cryptocurrency had doubled its gains, jumping 70% from the first breakout to 140%.\u00a0 With this in mind, the analyst has projected that this next breakout could result in a 280% price increase for Ethereum, doubling its 140% jump from the second breakout. Moreover, if Ethereum\u2019s price increases by this projected 280% rally, then its price could potentially reach $10,000.\u00a0 Update On The Ethereum Price Action Despite bullish projections suggesting that Ethereum could be gearing up to hit new all-time highs, the cryptocurrency has been under significant downward pressure, experiencing major declines and slow growth. To the dismay of Ethereum investors, the cryptocurrency has declined again by 2.20% in the last 24 hours, after experiencing a 4.1% decrease over the past week, according to CoinMarketCap.\u00a0 Related Reading: Bitcoin Price Shows Bearish Engulfment After Breakout, Here\u2019s How Far The Price Could Crash The ongoing decline in Ethereum has also prompted significant backlash from many crypto community members, with analysts ranking it as one of the most underperforming assets from the previous market cycle. While other crypto members emphasize how disappointing the cryptocurrency\u2019s price performance has been lately.\u00a0 As of writing, the Ethereum price is trading at $2,517, with many predicting that the cryptocurrency could drop even lower and possibly trigger a downturn for other altcoins in the market if it fails to maintain the 0.038 BTC\/ETH level.\u00a0\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":646021,"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-649657","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":"\nEthereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains<\/title>\n<meta name=\"description\" content=\"The Ethereum price is signaling a potential breakout based on recent price movements and could reach a new ATH.\" \/>\n<meta name=\"robots\" content=\"index, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-at-10000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-at-10000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum-dip-further.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum-dip-further.jpg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-10-24T17:30:58Z","datePublished":"2024-10-24T17:30:58Z","dateModified":"2024-10-24T17:30:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-at-10000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-at-10000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Ethereum-dip-further.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Ethereum-dip-further.jpg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-10-24T17:30:58Z\",\"datePublished\":\"2024-10-24T17:30:58Z\",\"dateModified\":\"2024-10-24T17:30:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum-dip-further.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/649657"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=649657"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/649657\/revisions"}],"predecessor-version":[{"id":649666,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/649657\/revisions\/649666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/646021"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=649657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=649657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=649657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}