Ether (ETH), Ethereum’s native token, has surged over 44% in just three days to surpass $2,600 on May 11, fueling fresh speculation of a run toward $10,000 in the coming months. Historical fractals and RSI recovery mirror past pre-rally setups seen in 2016 and 2020, boosting Ethereum’s potential to outperform rivals like Solana (SOL) and XRP. Ether’s long-term price action follows a parabolic curve with a rebound from key support levels near $2,100, signaling a potential move towards the upper boundary of the curve at $10,000. Analysts highlight a similar setup on Ethereum’s monthly chart, suggesting a rally to $10,000 can’t be ruled out technically. The bullish outlook for Ethereum is reinforced by anticipations of an altcoin season, with potential for ETH to outperform Bitcoin. The Altcoin Season Index indicates a shift away from Bitcoin dominance, with Ethereum positioned to rally. Against rivals like Solana and XRP, Ethereum’s performance indicates more capital may flow towards ETH in the coming days. The symmetrical triangle pattern hints at Ether reclaiming the lower trendline, with a breakout above the current consolidation likely to propel ETH towards $10,000 and potentially $20,000. This article does not provide investment advice, and readers should conduct their own research before making any financial decisions.
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