The crypto community is abuzz with excitement that an altseason is on the cusp of beginning. Ethereum (ETH) usually ends up being the star of the show in these discussions. Analysts are pointing out bullish technical patterns that usually result in significant appreciation of altcoin prices. Some are even as far as to predict that ETH will hit $10,000 price target! Miles O’Connor is an altcoin economics aficionado. He breaks down the technicals driving these predictions and assesses the likelihood of an altseason hitting in the near future.
Technical Analysis Pointing to $10K ETH
Here are some key technical indicators and chart patterns driving the bullish case for Ethereum. These analyses, while not guarantees, provide potential roadmaps for ETH's price action.
Wyckoff Accumulation and Elliott Wave Theory
Analysts have found past fractals indicating Ethereum will hit 10,000 dollars or more. Another analyst employs Elliott Wave theory to predict a powerful surge up to $9,400. They think Ethereum is “shooting” for new all-time highs this cycle, potentially topping out between $9,000 and $10,000. Most recently, another chart circulated by XForceGlobal employed Elliott Wave theory to forecast an ETH breakout in the direction of $9,400. Ethereum has a plausible path to reach new all-time highs this cycle, according to this bullish analysis. It might even be worth $9,000 to $10,000!
Symmetrical Triangle and EMA Support
Notably, the price of Ethereum has just bounced off the lower trendline of its multi-year symmetrical triangle, and possibly enough to generate a breakout on the upside. Ethereum’s price erupted following a bounce off the 200-2W EMA (200-2W exponential moving average) support zone. Most big time traders are interpreting this bounce as a very powerful recognition of long-term bullishness. These patterns indicate that ETH is building a base and positioning itself for a sizable breakout to the upside.
Decoding the Altseason Index
As you can see, the Altcoin Season Index is a great tool to use when trying to gauge the overall sentiment and altcoin market momentum. It is the best at-a-glance tool to help you gauge if the crypto market is in Altcoin Season right now. It is entirely dependent on how the top 100 altcoins have performed against Bitcoin over the last 90 days. The index reaching a peak value of 98 on April 16, 2021 shows that there were favorable market conditions that helped cause an extensive altcoin season.
Understanding the Index
This measure of more than 75% of altcoins beating Bitcoin’s percent return over a defined time period would point to an altcoin season. When 25% or less do better than Bitcoin, we’re in Bitcoin Season. The Altcoin Season Index has formally broken out of a downtrend. This update indicates a generational trend beyond BTC hegemony and toward altcoins such as ETH.
Bitcoin Dominance as an Indicator
When Bitcoin dominance goes down, it’s often a sign that an altseason has just started. This event usually leads investors and traders to move their attention, time, and money out of Bitcoin and into altcoins, resulting in an altcoin bubble. As Bitcoin dominance falls, money pours into other altcoins, creating an environment known as altseason. Consequently, a higher percentage of the market’s accumulated liquidity goes into altcoins. This great increase pumps big returns on the return of Ethereum among different altcoins. Historically, 2017-2018, bullish Bitcoin dominance fell from 86.3% to 38.69%, sparking one of the greatest altseasons ever. In the same vein, in 2021 Bitcoin dominance fell from 48% to 40% from July to September, causing yet another altcoin season. When an altcoin season does happen, Bitcoin dominance usually falls under 54%. Investors should take this trend as a positive signal to prepare for the next altseason and the continued maturation of Ethereum itself.
Riding the Altcoin Wave: Strategies and Risks
Whether or not an altseason is imminent, that prospect is undeniably thrilling! It’s incredibly important to make sure you are investing in altcoins with strategy and purpose, and are aware of the risks you’re taking. Ethereum’s increase is usually a good sign that altseason has finally begun. In May 2025, Ethereum increased by almost 47%. This increase was much more aggressive than Bitcoin’s pathetic 9% increase, indicating significant bullish momentum just waiting to be released during altseason.
Research and Due Diligence
Simply put, before you invest in any altcoin, make sure you do your research. Learn the basics of the project, their team, their use case and their tokenomics.
Risk Management is Key
The crypto market is extremely volatile — and altcoins are especially vulnerable to erratic price fluctuations. Implement robust risk management strategies.
BlockOpulent.com advises readers to always do their own research and consider their own risk tolerance before investing in any altcoin. The opportunity for high returns involves high risk, and you need to be ready for both.
- Position sizing: Calculate the position size based on risk percentage and trading capital, and never risk more than 1% of the portfolio on a single trade.
- Stop Loss: Use a Stop Loss order to limit potential losses, and set it at a level that prevents the potential loss on any position from exceeding 1% of the total portfolio.
BlockOpulent.com encourages readers to approach altcoin investments with caution and to always prioritize their own research and risk tolerance. The potential for high returns comes with significant risks, and it's essential to be prepared for both.
