Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000

A
crypto
analyst
has
made
a
daring
prediction
for


Ethereum
(ETH),
setting
the
timeline
for
when
the
world’s
second-largest
cryptocurrency
would
embark
on
a
significant
rally
to
new
all-time
highs
above
$10,000. 

Here’s
When
Ethereum
Will
Reach
$10,000

A
crypto
analyst
identified
as
‘Yoddha,’
on
X
(formerly
Twitter)
has


announced

the
timeline
for
Ethereum’s
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. 

Related
Reading

The
analyst’s


ambitious
predictions

are
based
on
historical
trends
exhibited
by
Ethereum
from
2016
to
2024.
He
shared
a
chart
depicting
Ethereum’s
price
action
over
these
years,
highlighting
periods
of
accumulation,
interim
peaks
and
volatility. 

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’s
all-time
high
of
$4,878,
achieved
during
the
previous
bull
market
cycle
in
2021. 

Based
on
these
historical
trends,
Yoddha
identified
a
similar
accumulation
phase
in


Ethereum’s
price
movements

during
this
current
market
cycle.
The
analyst
noted
that
from
2022
to
early
2024,
Ethereum
experienced
an
accumulation
and
slightly


bearish
phase. 

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. 

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. 

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. 

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

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. 

Crypto
analyst,
Ali
Martinez
has


revealed

that
currently,
Ethereum’s
TD
Sequential
is
presenting
a
“buy
signal”
on
ETH’s
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