- Ethereum $10,000 ATH closer than expected.
- Analysts expect ETH to reclaim the $4,000 price target soon.
- ETH could then finally enter its price discovery phase this bull cycle.
With Bitcoin (BTC) setting a new ATH at the $111,000 price range, expectations for altcoins, especially for the pioneer altcoin Ethereum (ETH), to follow with ATHs of their own, grow stronger by the day. One analyst says that an ETH $10,000 ATH closer than expected, the next step for Ethereum is to reclaim its previous ATH price in the $4,000 price range before finally entering the price discovery phase for the first time this bull cycle.
$10,000 ATH Closer Than Expected
Expectations for altseason have been growing strong steadily since the start of the bull cycle. However, due to the correction phase in Q1 of 2025 caused by Bitcoin’s rapid spike in Q4, 2024, sentiments for altseason fell through. This is because, traditionally, every bull cycle’s altseason arrives in Q1 of the year following a Bitcoin Halving year. This year, this even did not take place, leading to a delayed altseason.
Now, with both BTC and ETH prices having recovered to higher prices, sentiments for altseason have come back stronger. In fact, Bitcoin (BTC) has already gone on to set a new ATH in Q2 of 2025, at the $111,000 price range, meaning Ethereum (ETH) price should come next. After all, every bull cycle has ETH following close behind BTC’s pumps. So far, ETH has had a slow start.
Bitcoin set a string of new ATHs in Q4 of 2024, but ETH has only just begun to pump . This is likely because BTC had to go into a prolonged correction phase for a healthy altcoin market to spark. It seems this played out well, for as soon as the correction played out, the price of ETH began to pump. As we can see from the post below, this analyst commends how quickly ETH prices blew through $1,500 and $2,200 ETH prices.
Indeed, soon after BTC corrected, ETH price bottomed and bounced back fast. This quick rebound led to ETH smashing through several bull targets and surpassing the $2,500 price target. The analyst continues to talk about the next main bull targets for ETH prices, starting with reclaiming the previous ATH price at the $4,000 price range. Soon after this ETH could be well on its way to set a new bullish ATh target at $10,000.
Many analysts had said before that altseason cannot arrive unless ETH starts to pump, and ETH reclaiming its previous ATH could be the trigger for the arrival of the altseason peak phase. In the coming weeks and months ahead, several potential altcoins could go on to set new ATHs of their own following Ethereum’s lead. Alongside ETH, some of the most bullish altcoins this bull cycle are ADA and XRP.
