{"id":82289,"date":"2025-07-20T11:30:20","date_gmt":"2025-07-20T11:30:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=82289"},"modified":"2025-07-20T11:30:20","modified_gmt":"2025-07-20T11:30:20","slug":"ethereum-set-to-hit-10000-elliott-wave-analysis-predicts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=82289","title":{"rendered":"Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts"},"content":{"rendered":"

Over the past week, the Ethereum (ETH) market recorded a solid positive price performance, reaching as high as $3,600.<\/a> Notably, the second-largest cryptocurrency, among many altcoins, is experiencing a strong bullish momentum as evidenced by price gains of 45.48% over the last month. Amid the present market euphoria, Dutch market analyst Gert Van Lagen has backed Ethereum\u2019s chances for sustained price gain based on an Elliott wave analysis.<\/p>\n

Ethereum To Complete Bull Market Cycle On High Note \u2013 Analyst<\/strong><\/h2>\n

The Elliot wave theory is a technical framework used to predict price targets by identifying repetitive patterns in price movements driven by investor psychology. In an X post<\/a> on July 18, Van Lagen explains that this price forecast framework indicates that Ethereum may be entering the final phase of its bull market cycle, with a potential price target of $10,000.<\/p>\n

According to the analyst, the ETH bi-weekly trading chart suggests the cryptocurrency is completing a textbook five-wave cycle that began in 2022, with the fifth and final wave now unfolding in the form of an expanding diagonal.<\/p>\n

For context, the Elliot wave theory identifies a single price cycle in five waves, each composed of subwaves abc. As seen in the chart above, this includes the wave I marked by an initial impulse rally, followed by a sharp corrective Wave II as seen between 2022 and 2023. Wave III is defined by explosive momentum, pushing Ethereum to new highs, before entering a lengthy Wave IV consolidation characterized by a flat correction.<\/p>\n

Finally, there is wave V, i.e., the current status of the market, which is usually a final price surge. After breaking out of the upper boundary of the Wave 3\u20134, Gert Lagen explains that Ethereum is about completing subwave a of wave V following its most recent price gains.<\/p>\n

Therefore, investors should expect a brief pullback to retest the breakout zone, which would complete subwave \u2018b\u2019. After that, a blow-off rally forming subwave \u2018c\u2019 is on the cards, i.e., a price move that could push Ethereum to the $10,000 mark based on a broader Elliott wave analysis on the Ethereum bull market stretching from 2019 to date.<\/p>\n

Ethereum Price Overview<\/strong><\/h2>\n

At press time, Ethereum is trading at $3,657, posting gains of 1.79% over the past 24 hours and 21.8% over the last seven days. However, daily trading volume has dropped by 46.03%, signaling a potential weakening in the bullish momentum behind the current price surge. Following its most recent gain, the altcoin continues to retain its position as the second-largest cryptocurrency with a market cap of $441.14 billion<\/a> and 11.1% market share.<\/p>","protected":false},"excerpt":{"rendered":"

Over the past week, the Ethereum (ETH) market recorded a solid positive price performance, reaching as high as $3,600. Notably, the second-largest cryptocurrency, among many altcoins, is experiencing a strong bullish momentum as evidenced by price gains of 45.48% over the last month. Amid the present market euphoria, Dutch market analyst Gert Van Lagen has […]<\/p>\n","protected":false},"author":0,"featured_media":82290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82289"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82289"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82290"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}