Is Ethereum's History Repeating? ETH Price Forecast Could Exceed 10,000 USD

Ethereum is drawing strong attention from investors after technical signals suggest that this cryptocurrency may be preparing for a significant bullish phase — with a potential target of up to 10,000 USD. 🔄 Is History Repeating Itself? According to analysis from expert Pillows, the price behavior of Ethereum is mirroring the cyclical growth pattern previously recorded in the years 2017 and 2020. On the two-week chart, Ethereum has formed a multi-cyclical bullish channel, where the price continuously tests the lower support line of this channel before breaking out strongly. In 2017, a retest led to a 300-fold increase in value. In 2020, ETH also increased more than 50 times after a similar pattern. In 2025, ETH is approaching a technical zone similar to the previous two cycles, opening up the possibility for another parabolic growth. Pillows predicts that this time ETH will experience a bullish increase of about 6 times, due to the market now being more mature and the increasingly evident participation of institutional investors. With a current market capitalization of about 292.25 billion USD, this increase could push the price of ETH above 10,000 USD. 📈 Market Signals and Technical Barriers Currently, Ethereum is facing a significant resistance level at 2,600 USD — where the price has been rejected twice in the past month. To approach the cycle peak above 4,000 USD, ETH needs: Successfully broke through the 2,600 USD zone. Retest and surpass the 2,800 USD resistance. Once these barriers are broken, the market may enter a phase of rapid growth, especially as investor sentiment shifts positively. 🔥 On-chain Data Confirms the Bullish Trend Transaction fees on the Ethereum network have surged by 130%, reaching 10.26 million USD in the past week — indicating a significant increase in network usage. 293 million USD of ETH has been withdrawn from exchanges, reflecting the confidence of long-term investors as they move assets to cold wallets. 📊 Current Trends The price of ETH is currently at 2,421 USD, with a slight increase of 0.01% in the last 24 hours. The daily trading volume has decreased by 16.13%, to about 15.23 billion USD. 🎯 Conclusion Ethereum is at a critical juncture. If history repeats itself and the technical model proves effective as in previous cycles, ETH has a strong chance of breaking past 10,000 USD in the upcoming period. However, to achieve this target, ETH needs to overcome short-term resistance levels and continue to maintain its appeal to both retail and institutional investors. Are we about to witness a new "super cycle" of Ethereum?