Ethereum Resurrected? ETH Reacts Strongly and Analysts Point to Possible Path to $10.000

• Ethereum surges 44%, tests resistance at $2.600
• Analysts Project Ethereum to Hit $10.000 in Coming Months
• Altcoins lose strength and ETH attracts market capital

Ethereum (ETH) surprised the market by registering an appreciation of more than 40% in just three days, reaching the $2.600 mark on May 11. This accelerated movement rekindled long-term projections for the asset, including the possibility of reaching $10.000 in the coming months.

According to analyst MilkyBull Crypto, there is a technical setup on Ethereum’s monthly chart that echoes previous patterns of strong bullish moves. A move into the five digits “can’t be technically ruled out,” the analyst said. The rebound in the Relative Strength Index (RSI) from a historical support zone near 40 reinforces this argument.

ETH has been gaining ground against its main competitors, especially with the expectation that a new altcoin season is approaching. Mister Crypto, another industry analyst, estimates that Ethereum could register jumps of up to 40% in a single day with the inflow of capital that traditionally leaves Bitcoin in this type of cycle.

The Altcoin Season Index, which recently broke a downtrend and surpassed level 29, still remains below 25 — which technically maintains BTC's dominance —, but the movement suggests a possible start of strengthening for altcoins, with ETH standing out.

$ ETH TO $10K CAN'T BE RULED OUT TECHNICALLY

IT USUALLY HIT THAT UP BAND IN EVERY CYCLE pic.twitter.com/wOC66X6v10

— Mikybull 🐂Crypto (@MikybullCrypto) May 11, 2025

Meanwhile, the Solana (SOL) chart against Ethereum shows a possible ascending wedge formation, a pattern that could indicate a loss of relative strength against ETH. The same is observed in XRP's behavior, raising the possibility that investors are redirecting liquidity to Ethereum.

On the longer-term technical front, Ether is reclaiming the base of the multi-year symmetrical triangle, a structure that was briefly broken in March. The rebound from the 200-week exponential moving average also reinforces the positive reading.

This technical pattern is similar to previous Ethereum consolidations, such as the 2016 bull flag and the 2018-2020 descending wedge, which preceded significant breakouts. If the current triangle plays out similarly, analysts see room for ETH to reach $10.000 — and even $20.000 — following the classic rules of chart analysis.