Ethereum Price Forecast: $10,000 Objective Resurfaces Within Multi-Cycle Rising Channel – Is ETH Prepared?

During the US trading session on Sunday, Ethereum (ETH) is performing well at $2,457, reflecting a 1.27% increase for the day. This aligns with the increasing speculation that ETH could reach $10,000 in this cycle, as it has remained within a multi-year channel since 2017.

Crypto analyst Ted Pillows emphasizes the importance of Ethereum’s long-term upward trend. Historical points along the lower boundary of this channel have initiated significant rallies, with increases of up to 300x in 2017 and 50x in 2020. Although such extreme multiples are less likely now due to ETH’s $292 billion market capitalization, Pillows believes that a rise toward $10,000 is still feasible.

Analyst Identifies Long-Term Pattern That Could Propel ETH to $10,000 https://t.co/8E8yK0cuaK #Crypto #Ethereum

— Coindoo.com (@coindoo) June 29, 2025

Nonetheless, technical resistance must first be addressed. ETH faced rejection near $2,600 on two occasions in June. Analysts like Crypto Patel indicate that a clear break and a close above $2,800 would confirm a bullish shift, potentially aiming for $4,000 and beyond.

Whale Activity and Withdrawals Indicate Long-Term Confidence

On-chain data reinforces the bullish narrative. Whale wallets and institutions are consistently accumulating ETH, even as price movements remain within a range. Lookonchain reports that SharpLink Gaming has acquired $4.82 million worth of ETH over-the-counter, increasing its total exposure to $478 million.

Sharplink Gaming purchased an additional $4,820,000 in $ETH via OTC.
They now hold $425,470,000 in Ethereum. pic.twitter.com/0QtDdHcUAS

— Ted (@TedPillows) June 28, 2025

Further indicators of confidence include:

• $4.56M deposited into Ethereum’s Beacon Chain, likely for staking purposes
• $293M withdrawn from exchanges—indicating a shift to cold wallets
• Low volatility paired with high-value transfers

These trends suggest that whales are positioning themselves for future appreciation rather than engaging in short-term trading.

Network Growth vs Market Price: Discrepancy or Opportunity?

Ethereum’s network activity is on the rise. Daily transactions have exceeded 1.5 million, and active addresses have surpassed 356,000—the highest figures since early 2023. Gas fees have surged by 130% in a week, reaching $10.26M, signaling heightened demand for DeFi and NFT platforms.

Despite this, ETH’s price remains stagnant. Key valuation metrics indicate caution:

• NVT Ratio has risen to 2044—suggesting that price may be outpacing usage
• MVRV Z-score has fallen into negative territory, indicating that holders are at a loss

This disconnect between price and fundamentals could represent a hidden buying opportunity—or a sign of excessive speculation.

Bitcoin Final Take: Breakout Relies on Key Levels

While the Ethereum price outlook remains optimistic, is it truly on a path to $10,000? This depends on:

• A breakout above $2,800 to validate the trend
• Continued whale interest and staking flows
• Network activity translating into price increases

If ETH can maintain its support around $2,400 and Bitcoin’s dominance stabilizes, Ethereum may experience a breakout. Analysts at XForceGlobal anticipate a Wyckoff-style movement toward $9,400 if momentum builds.

Ethereum Price Chart – Source: Tradingview

At present, ETH’s bullish trajectory remains intact—but upward movement hinges on reclaiming critical resistance levels and confirming long-term investor confidence through sustained volume and accumulation.

Bitcoin Hyper Presale Surpasses $1.74M as Price Increase Approaches

Bitcoin Hyper ($HYPER), the inaugural Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has exceeded $1.74 million in its public presale, with $1,748,091.98 raised out of a $1,974,249 goal. The token is priced at $0.012075, with the next price tier anticipated within hours.

Aimed at combining Bitcoin’s security with Solana’s speed, Bitcoin Hyper facilitates rapid, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project has been audited by Consult and designed for scalability, trust, and simplicity.

The intersection of meme appeal and genuine utility has positioned Bitcoin Hyper as a Layer 2 project to monitor in 2025. With staking, an efficient presale, and a full rollout expected by Q1, $HYPER is gaining significant momentum.

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