Ali Martinez predicts ETH growth to $ 10,000

Analysts suggest that Ethereumcould reach a price of $ 10,000 in the long run. The current trajectory of the asset indicates the possibility of significant growth in the coming years.

According to analyst Ali Martinez, Ethereum has been moving within an ascending parallel channel for several years. This technical pattern is formed by two parallel lines: the upper line defines the resistance level, and the lower line defines the support level.

Earlier this year, Ethereum bounced off the lower line of the channel, which led to a strong price increase. Currently, the coin is in the middle of the channel, leaving significant potential for further upside.

Martinez predicts two main price levels for Ethereum:

• Medium-term target: $ 6,000, which means a 62% increase from the current level.
• Long-term target: $ 10,000, which implies a 170% increase in the value of the asset.

Ethereum has shown an increase of almost 8% over the past week. At the time of writing, the ETH rate has reached $ 3.895, the market capitalization is $ 469.16 billion, and daily sales have reached $ 62.82 billion.

The potential for Ethereum to reach $ 10,000 is an ambitious but realistic forecast based on technical analysis and market dynamics. Investors should closely monitor developments and key price levels.