- Pioneer altcoin Ethereum expected to steadily claim higher major levels.
- Analysts believe a $10,000 ETH ATH target is highly likely.
- First, the crypto market will experience a red month of September.
The pioneer altcoin asset, Ethereum (ETH), has shown excellent strength and resilience this year. The asset has claimed and broken past several crucial bull targets, leading analysts to expect higher targets accordingly. To highlight, Ethereum expected to steadily claim higher major levels until the $10,000 ATH target is met. However, this expectation may be slightly delayed due to September’s historically red promise.
Ethereum Expected to Steadily Claim Higher Major Levels
Over the last week, the crypto market experienced a new Bitcoin ATH at the $124,000 price range, just as ETH broke past the $4,700 price region, a short pump away from its previous ATH price in the $4,800 price range set 4 years ago. Soon after Bitcoin’s ATH was met, the crypto market saw an almost immediate fall in prices, taking the price of the pioneer crypto asset BTC to $112,000 and the price of ETH to $4,200, where they are trading now.
In detail, the price of ETH showed some resilience and reclaimed $4,300 from the $4,100 price range, while the price of BTC only fell from $115,000 to $113,000, and now to the $112,000 price range. This shows that ETH is continuing to outperform BTC, like it has been doing over the past few weeks, adding fuel to the growing expectations of Bitcoin Dominance falling and paving the way for altseason.
Despite the many bullish indicators from Ethereum and several promising altcoins, alongside the declining nature of BTC Dominance, a new expectation has now paused any bullish expectations for all price pumps. This is the fact that the historically bearish red month of September is only a few days away, and analysts are predicting that the price of BTC will fall below $100,000, with recovery only from October onwards.
$10,000 Next Bull Target Top Price
So, most traders and analysts are now preparing a new strategy to weather the red storm of September. Still others are gathering resources to take advantage of the market dip and buy back at the most opportune market moment. With a bullish long-term outlook on the horizon, analysts expect the price of ETH to make a swift move towards a new 5-digit ATH target once the September correction ends.
As we can see from the post above, expectations are high for the price of ETH to hit new bull targets. The analyst goes on to break down how Ethereum has reclaimed every major level starting from $1,500 and $2,200, up to $4,000. With this momentum in play, the analyst says that the ETH price chart is pointing straight to five-digit targets next starting with $10,000. He believes this setup will play out in a cyclic motion.
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