Analysts predict Ethereum growth to $ 10,000

Despite the relatively stable price of Ethereum ETH $2,551.60 Bridged Ether (StarkGate) 1.04% Market capitalization $0.23 billion VOL. 24 hours $2.11 billion at around $ 2,500, analysts are seeing signs of a possible large-scale growth wave. In recent weeks, there has been activity on the network that indicates the accumulation of assets by large players, which could be a harbinger of a breakthrough to the $ 10,000 mark.

In particular, the volume of blocked assets in the decentralized financial protocols of Ethereum has increased from less than $ 55 billion in April to almost $ 63 billion in May. This indicates an increase in user interaction with the platform. The number of large transactions exceeding $ 1 million reached a five-month high, which hints at active preparation for possible growth.

From a technical point of view, Ethereum demonstrates the classic «fan wedge» formation, which in the historical perspective often preceded sharp price jumps. The target limit of this pattern coincides with the $ 10,000 level. Aside from the chart patterns, Ethereum’s fundamentals remain strong, including its leadership in smart contracts and the growing adoption of second-tier solutions.

However, there are also risks on the way to growth. The outflow of funds from exchange-traded funds based on ethereum indicates the caution of institutional investors, who are increasingly diversifying their assets towards competitors such as Solana, Litecoin, and other Layer 1 projects. In addition, large transfers of ETH on the exchange may signal preparations for a sale, which will potentially put pressure on the market.

Despite these factors, Ethereum remains one of the most promising platforms in the blockchain ecosystem. If the scenario of previous market cycles holds true, the current lull phase could be the prologue to significant growth that will change the balance of power in the cryptocurrency space.