Ted Pillows, a well-known crypto market analyst, shares a bullish prospect that Ethereum Market will tilt Altcoin to win the $10,000 price range. The bold prediction of the pillow comes after a modest 1.21% increase in ETH prices over the past week, depending on the rebound in Bitcoin price. However, Altcoin remains on a remedial trend after a 9.3% decline in the past month.
Ethereum Ascending Channel proposes a price target of $10,000 – Details
In a post on June 27th, Pillow gives an interesting analysis of the ETH market highlighting the existence of multi-cycle ascending channels that will grow until 2017. Using a two-week trading chart, the pillow shows that Ethereum retests the lower limit of this channel each time it launches a series of explosive market cycles.
In particular, in 2017, this retest on this low band led to an astonishing 300x surge, but in 2020 it catalyzed 50x surge. In 2025, ETH appears to have once again touched on the same technical level, increasing the possibility of yet another parabolic movement.
In this latest retest, Pillow adopts a conservative outlook and predicts a modest six times profit. This will be affected by Ethereum’s current market capitalization of $29.225 billion and increased institutional exposure. If this projection is true, ETH could surge beyond $10,000.
Meanwhile, aside Ted Pillows, several other analysts resonate with their $10,000 long-term ETH price target. For example, market experts for the X username Crypto Patel have recently reflected this outlook, highlighting that Ethereum must hold it above the $2,800 level, further up as a key condition for an upward rise.
Currently, Eth Bulls faces a major price range at the $2,600 level, with Altcoin being rejected twice in the past month. Clearing this hurdle is important for $2,800 in a retest of the Key Resistance. Breakouts above that level can open a path towards the current cycle peak, close to $4,000.
Ethereum Network Prices will rise by 130%
In other developments, Analytics Company’s Sentora reports that Ethereum Weekly Network fees reached $10.26 million, representing a 130% increase over the past week. Meanwhile, Altcoin also experienced a $293 million exchange withdrawal in order for investors to move their holdings to private wallets and demonstrate strong market trust.
At the time of writing, Ethereum continues to trade at $2,421, reflecting a minor 0.01% increase in the last 24 hours. Meanwhile, Altcoin’s daily trading volume fell by 16.135, equivalent to $15.233 billion.
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