Ether, Ethereum’s native token, is on a tear. Surging over 44% in just three days, it breached the $2,600 mark on May 11, 2025. This dramatic upswing has reignited chatter among market watchers about the possibility of Ethereum hitting an unprecedented $10,000 in the months ahead.
The Case for $10,000
Ethereum’s recent rally is more than just a fleeting spike. Analysts point to a parabolic curve that has charted its price movements since 2015, suggesting a path to five figures. The token’s recovery from its recent low near $2,100 — a critical support zone — aligns with this trajectory. A move toward the curve’s upper boundary, intersecting near $10,000, seems plausible if current patterns hold. MilkyBull Crypto, a well-regarded analyst in the space, underscores this potential, observing that a rally to $10,000 “can’t be ruled out technically.”
Bolstering this bullish outlook is Ethereum’s Relative Strength Index (RSI) recovering from a long-term support level. This setup mirrors previous pre-rally conditions, similar to what was observed in 2016 and 2020. As explored in our recent coverage of Ethereum bulls showing interest as traders’ confidence in ETH’s $1.8K level improves, the strengthening RSI could be a harbinger of further gains.
Altseason and Ethereum’s Edge
The broader market dynamics are also lining up in Ethereum’s favor. As the crypto community anticipates an altseason — a period when altcoins outperform Bitcoin — Ethereum seems poised for a strong run. The Altcoin Season Index’s recent breakout hints at a burgeoning shift from Bitcoin to altcoins. Chartist Mister Crypto speculates that altcoins like ETH could rally as much as 40% in a single day as capital rotates away from Bitcoin.
Ethereum appears to be gaining ground against its rivals. Solana, for instance, is showing a rising wedge pattern against Ether, which could signal a decline for SOL in the coming weeks. Ethereum is also outperforming XRP, further supporting the narrative that capital might be shifting toward Ether. This trend is reminiscent of predictions that Bitcoin DeFi will have 300M users, beating Ethereum and Solana, highlighting the competitive landscape in the crypto space.
Symmetrical Triangle and Beyond
Adding to the optimism is Ether’s reclamation of the lower trendline of its multi-year symmetrical triangle. After a brief dip in March, it’s bouncing back off its 200-2W exponential moving average support. This kind of rebound has historically validated ongoing consolidation structures, setting the stage for potential breakouts.
The current setup bears resemblance to past macro consolidations like the 2016 bull flag and the 2018-2020 falling wedge, both of which led to Ethereum reaching new all-time highs. Should this breakout occur, the path to $10,000 — and potentially $20,000 — becomes increasingly likely, according to technical analysis principles.
Looking Forward
While the excitement is palpable, it’s crucial to approach these predictions with a measure of caution. Markets are notoriously unpredictable, and while the technical indicators are promising, they are not guarantees. As always, investors should conduct thorough research and consider the inherent risks involved in cryptocurrency trading.
As Ethereum continues to assert its dominance against competitors like Solana and XRP, and with a potential altseason on the horizon, the scenario for ETH reaching $10,000 is compelling. Whether this rally will sustain and translate into long-term gains remains to be seen, but for now, the crypto community is watching closely, eager to see if the stars align for Ethereum in 2025.
Source
This article is based on: Ethereum to $10K 'can't be ruled out' as ETH price makes sharp gains vs. SOL, XRP
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
