Este artículo también está disponible en español.
The Ethereum price has formed a key technical pattern reminiscent of the one observed in 2017 when the cryptocurrency embarked on a major bull rally. According to a crypto analyst, this pattern, known as the ‘Bullish Megaphone‘, could signal a possible price rise to $10,000 for ETH.
Related Reading
Bullish Megaphone Sets Stage For Ethereum Price Rise To $10,000
A Blockchain and crypto technical analyst, identified as ‘EtherNasyonal,’ on X (formerly Twitter), has predicted that the Ethereum price could soon surpass $10,000. According to the analyst, Ethereum‘s price action currently showcases a historical chart pattern, the Bullish Megaphone, observed during the 2016 to 2017 bull market.
The Bullish Megaphone pattern is a technical indicator consisting of two higher highs and two lower lows, often indicating a potential uptrend continuation for a cryptocurrency. This technical pattern is considered bullish when a cryptocurrency’s price breaks above the trend line with increasing volume.
Looking at the analyst’s Ethereum price chart from 2016 to 2017 and another for 2024 to 2025, the Bullish megaphone pattern has formed in both bull cycles. Moreover, at the end of the key technical pattern in 2017, the Ethereum price skyrocketed to new price levels, surpassing the $1,200 mark by 2018.
EtherNasyonal has suggested that as Ethereum repeats this pattern in the current bull market, it could signal a similar massive price surge, with a potential rally above $10,000. As of writing, CoinMarketCap reveals that the price of Ethereum is trading at $3,353, marking a 7.24% surge in the last seven days. At its current price, a rally to the $10,000 mark would represent a 198% increase for Ethereum, highlighting a substantial surge in value.
The analyst has also noted that altcoins will likely follow Ethereum’s bullish momentum and experience a similar uptrend. This price rally in ETH could further impact the future trajectory of altcoins in the crypto market this bullish cycle.
Is The Altcoin Season Here?
Historically, Ethereum has been a significant catalyst or determining factor to the start of the highly anticipated altcoin season. While Bitcoin’s dominance tends to decline significantly around this period after experiencing a remarkable bull run, altcoins typically follow this bullish trajectory, with Ethereum taking the lead as it trails behind Bitcoin’s price rally.
MikyBull Crypto, a prominent analyst on X, declared that the altcoin season for this current bull cycle has officially begun. For clarity, the altcoin season is after Bitcoin’s consolidation phase, which follows a rally, where smaller-cap cryptocurrencies begin a strong market rally.
Related Reading
MikyBull Crypto has optimistically revealed that from late December 2024 to March 2025, investors and the broader crypto market may witness “the real fun” of the altcoin season. This suggests that the altcoin market is expected to embark on a significant rally, with numerous small-cap cryptocurrencies experiencing varying price increases.
Feaatured image from The Guardian, chart from TradingView
Este artículo también está disponible en español.
The Ethereum price has formed a key technical pattern reminiscent of the one observed in 2017 when the cryptocurrency embarked on a major bull rally. According to a crypto analyst, this pattern, known as the ‘Bullish Megaphone‘, could signal a possible price rise to $10,000 for ETH.
Related Reading
Bullish Megaphone Sets Stage For Ethereum Price Rise To $10,000
A Blockchain and crypto technical analyst, identified as ‘EtherNasyonal,’ on X (formerly Twitter), has predicted that the Ethereum price could soon surpass $10,000. According to the analyst, Ethereum‘s price action currently showcases a historical chart pattern, the Bullish Megaphone, observed during the 2016 to 2017 bull market.
The Bullish Megaphone pattern is a technical indicator consisting of two higher highs and two lower lows, often indicating a potential uptrend continuation for a cryptocurrency. This technical pattern is considered bullish when a cryptocurrency’s price breaks above the trend line with increasing volume.
Looking at the analyst’s Ethereum price chart from 2016 to 2017 and another for 2024 to 2025, the Bullish megaphone pattern has formed in both bull cycles. Moreover, at the end of the key technical pattern in 2017, the Ethereum price skyrocketed to new price levels, surpassing the $1,200 mark by 2018.
EtherNasyonal has suggested that as Ethereum repeats this pattern in the current bull market, it could signal a similar massive price surge, with a potential rally above $10,000. As of writing, CoinMarketCap reveals that the price of Ethereum is trading at $3,353, marking a 7.24% surge in the last seven days. At its current price, a rally to the $10,000 mark would represent a 198% increase for Ethereum, highlighting a substantial surge in value.
The analyst has also noted that altcoins will likely follow Ethereum’s bullish momentum and experience a similar uptrend. This price rally in ETH could further impact the future trajectory of altcoins in the crypto market this bullish cycle.
Is The Altcoin Season Here?
Historically, Ethereum has been a significant catalyst or determining factor to the start of the highly anticipated altcoin season. While Bitcoin’s dominance tends to decline significantly around this period after experiencing a remarkable bull run, altcoins typically follow this bullish trajectory, with Ethereum taking the lead as it trails behind Bitcoin’s price rally.
MikyBull Crypto, a prominent analyst on X, declared that the altcoin season for this current bull cycle has officially begun. For clarity, the altcoin season is after Bitcoin’s consolidation phase, which follows a rally, where smaller-cap cryptocurrencies begin a strong market rally.
Related Reading
MikyBull Crypto has optimistically revealed that from late December 2024 to March 2025, investors and the broader crypto market may witness “the real fun” of the altcoin season. This suggests that the altcoin market is expected to embark on a significant rally, with numerous small-cap cryptocurrencies experiencing varying price increases.
Feaatured image from The Guardian, chart from TradingView
where to get generic clomid without prescription can i get generic clomid prices can i purchase clomiphene online how to get cheap clomid tablets can i purchase clomid for sale can i buy generic clomiphene can i get cheap clomid price
This is the type of delivery I find helpful.
This is the kind of literature I positively appreciate.
buy zithromax cheap – order tetracycline 500mg purchase metronidazole without prescription
rybelsus 14 mg over the counter – order rybelsus 14mg online cheap buy periactin pills
buy domperidone 10mg generic – buy generic cyclobenzaprine over the counter flexeril buy online
how to buy propranolol – methotrexate 10mg cost order methotrexate 10mg online
amoxil order – combivent 100mcg ca buy ipratropium 100mcg online
buy azithromycin tablets – purchase nebivolol generic order nebivolol 20mg online
buy generic amoxiclav – https://atbioinfo.com/ buy acillin without a prescription
where can i buy nexium – https://anexamate.com/ nexium 20mg ca
order warfarin online cheap – cou mamide losartan 50mg without prescription
order mobic sale – swelling buy generic meloxicam 15mg
cost deltasone 10mg – corticosteroid order deltasone 20mg pills
best non prescription ed pills – https://fastedtotake.com/ non prescription ed pills
purchase amoxil online – comba moxi buy amoxil paypal
forcan brand – https://gpdifluca.com/ buy diflucan online cheap
buy cenforce for sale – https://cenforcers.com/ cheap cenforce 50mg
best place to buy tadalafil online – sildalis sildenafil tadalafil maximum dose of cialis in 24 hours
black cialis – https://strongtadafl.com/# cialis canadian pharmacy
where can i buy zantac – https://aranitidine.com/# buy zantac
viagra sale liverpool – strong vpls viagra pills
This is the kind of enter I unearth helpful. este sitio
More posts like this would make the online space more useful. https://buyfastonl.com/gabapentin.html
This is the big-hearted of criticism I truly appreciate. https://ursxdol.com/furosemide-diuretic/
With thanks. Loads of conception! https://prohnrg.com/product/acyclovir-pills/
This is the make of advise I find helpful. this