Ethereum (ETH) is once again at the center of investor speculation, as its price action and technical signals suggest the long-imagined $10,000 milestone might not be as far-fetched as once thought. In just three days, ETH has surged by more than 44%, briefly pushing past $2,600 on May 11 — and reigniting bullish chatter across the crypto landscape.
The resurgence is not random. A combination of historical technical patterns, favorable altcoin market conditions, and Ethereum’s increasing dominance over key competitors like Solana (SOL) and XRP are lending weight to this growing narrative.
Ethereum’s $10K Dream: Not Just Hype?
Since its inception, Ethereum has moved in defined long-term cycles, often respecting a parabolic growth curve that has historically signaled when major price breakouts are due. As of May 2025, ETH has bounced from the lower end of this arc — around the $2,100 mark — an area that has repeatedly acted as a strong launching pad for previous bull runs.
If the curve holds true once more, ETH’s next significant target could land near the $10,000 range — the upper band of this long-observed trajectory.
Popular crypto analyst MilkyBull Crypto supports this outlook. He points to a recurring monthly chart pattern and notes that a rally to $10,000 is still within technical bounds. Moreover, the Relative Strength Index (RSI), which recently rebounded from a long-term support near the 40 level, adds further fuel to the idea that ETH has more room to run.
Outshining the Competition: ETH vs. SOL and XRP
What makes Ethereum’s current rally particularly notable is its relative strength against major altcoins like Solana and XRP. As the broader market hints at an upcoming altseason — a period where non-Bitcoin cryptocurrencies outperform — ETH seems poised to lead the charge.
Chartists such as Mister Crypto are forecasting massive altcoin moves, even suggesting that coins like Ethereum could jump by as much as 40% in a single day, driven by capital flowing out of Bitcoin. This aligns with the recent movement of the Altcoin Season Index, which has just broken out of a downtrend, climbing above 29. While the index is still technically in “Bitcoin Season” territory, the breakout suggests the tide could soon turn in favor of altcoins — and Ethereum is already front-running that shift.
Adding to that, Solana appears to be forming a rising wedge pattern relative to Ethereum — a setup that typically precedes bearish reversals. The same weakness is being observed in XRP’s pairing with ETH, hinting that investors may be rotating funds away from these rivals and into Ethereum.
A Triangle with Big Implications
On the technical front, ETH is showing strength by reclaiming the lower boundary of a multi-year symmetrical triangle pattern — a structure that it briefly fell below in March. That dip turned out to be a fake-out, as Ethereum has since bounced off its 200-week exponential moving average, a key support level.
This kind of triangle pattern isn’t new to Ethereum. It closely resembles the formations seen in 2016 and between 2018–2020 — both of which were followed by massive upside breakouts that led to new all-time highs. Should history rhyme once again, ETH could be gearing up for a breakout beyond the current consolidation zone, potentially pushing toward not just $10,000 but even $20,000 based on the technical projection of the pattern.
Final Thoughts
While a $10K Ethereum price tag might still sound like a moonshot to some, the combination of long-term fractals, altcoin rotation signals, and ETH’s clear edge over competitors are creating an environment where that scenario no longer feels like fantasy. It’s not a guarantee, but if the current momentum holds, Ethereum could be charting a course toward uncharted territory — one block at a time.
