Ethereum Remains Strong Despite Market Volatility – $10,000 Target Gaining Support
Ethereum Shows Strong Recovery: Is This the Start of a Bigger Rally?
Ethereum (ETH) has made a strong comeback recently. Since June 22, the price has jumped more than 23%, climbing back above the important $2,600 level. After weeks of moving sideways and uncertain trends, Ethereum now shows clear signs of strength. Many traders are now watching to see if ETH can break above the next key level at $2,700 — a move that could spark a broader altcoin rally or even start the long-awaited “altseason.”
This price surge comes as the overall crypto and stock markets show improving confidence. Risk appetite is growing again, and some experts are becoming more optimistic. Crypto analyst Ted Pillows even predicted that Ethereum could reach $10,000 in this market cycle — a bold forecast that reflects growing belief in ETH’s long-term potential, especially with improving fundamentals and rising interest from big investors.
Critical Test Ahead for Ethereum
Just yesterday, Ethereum jumped 9%, pushing it closer to the top of its trading range between $2,200 and $2,800 — a range it’s been stuck in since early May. Many believe a breakout above this range could be a big turning point, not just for ETH but for the entire altcoin market.
Ethereum is often seen as the foundation of the altcoin ecosystem. When ETH does well, many other altcoins tend to follow. If Ethereum can break and stay above $2,800, it might trigger price jumps in many other crypto projects too.
Ted Pillows reminded traders not to panic over short-term market ups and downs. He remains confident that Ethereum is on track for major gains and believes this rally could be the beginning of the next big phase in the bull market.
Technical Signals Point to Strength
From a technical point of view, Ethereum looks strong. It recently broke above all major daily moving averages, including the 100-day and 200-day moving averages, which had been strong resistance points near $2,516. This breakout, supported by rising trading volume, suggests real momentum behind the move.
If Ethereum can stay above the 200-day moving average, the next big price level to watch is $2,700, and after that, the $2,900 to $3,000 zone.
There’s also good support around $2,500, where multiple moving averages are grouped. If there’s a price dip, that level may act as a strong safety zone. Staying above this area could increase the chances of a larger upward trend.
Conclusion: What’s Next for ETH?
Ethereum is at a key moment. If it breaks and holds above $2,800, it could signal the start of a much larger move, possibly leading the way for other altcoins to follow. With better market sentiment and increasing interest from investors, many are watching closely to see if this rally has the strength to continue.
