CandleFocus Here’s why analysts think Ethereum’s $10,000 breakout is ‘programmed this cycle’
2025-02-10
Author: Content Editor
According to analysts, Ethereum (ETH) is showing similarities to its 2020-2021 cycle and may be on the verge of a significant breakout. The recent capitulation candle on the ETH chart resembles the sharp downturn seen in March 2020, which was followed by a rebound and entry into a bull run. The current setup of the one-week Ethereum price chart also mirrors the 2020 structure, with analysts predicting a potential breakout to $10,000. Technical indicators, institutional inflows, and historical patterns all support a bullish outlook for Ethereum, suggesting the possibility of new highs in the future.
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