Ethereum Surge Continues: Analysts Project Potential $10,000 Price Target

Ethereum Eyes $10,000 🚀 -- Analysts Forecast Bold Upside

The cryptocurrency market is led by Ethereum, which rose 13% last week. New positive forecasts follow this increase, which has moved the cryptocurrency close to its all-time high.

Analysts Expect More Gains

Ethereum went beyond $4,000 after 1,146 days of price stabilization, according to a market expert. Three times, Ethereum failed to exceed this barrier. The fourth effort succeeded in August, and the token has been consolidating over $4,000 for months.

After a brief slide below $3,800, bullish momentum recovered, bringing Ethereum back above $4,000 and starting a strong V-shaped comeback. This technical pattern is optimistic for the top cryptocurrency, with the next upward leg potentially hitting a new record price for ETH of $7,331, which aligns with the 1.618 Fibonacci extension level.

Potential Ethereum Price Rise To $10,000

Ethereum's growth also depends on macroeconomic variables. Analysts say the US M2 money supply has expanded to a record $22.2 trillion. Bitcoin (BTC) was the first to rise, rising 130% since 2022 and correlating with M2 growth of 0.9. Ethereum's price performance has lagged, gaining by 15% within the same time, which experts call "liquidity lag."

Since netflows to exchanges remain negative, ETH is being withdrawn for self-custody, suggesting a structural drop in selling pressure. The Coinbase Premium Index has also improved, indicating US institutional investor interest.

Ethereum often lags Bitcoin during early monetary easing cycles. As Bitcoin's dominance drops below 60%, capital frequently moves to altcoins, raising the ETH/BTC ratio. If global liquidity grows and exchange outflows continue, Ethereum may revalue closer to M2 growth. Analysts noted that ETH may reach $10,000 in such a situation.