Ethereum (ETH) is rebounding at its core support line, bringing back the possibility of breaking through $10,000 (approximately 146 million won) within the next few months. Having surged over 44% in the past three days and exceeding $2,600 (approximately 3.796 million won) as of May 11th, market expectations are rising again as complex technical structures similar to the past are at work.
According to technical analysis, Ethereum continues to follow the parabolic curve that has led major upward cycles since 2015, and has recovered the lower support line near $2,100 (approximately 3.066 million won). This area is also where strong markets began in 2016 and 2020, leading investors to speculate that this could be the starting point for the next large-scale price increase.
Particularly, the Relative Strength Index (RSI) is quickly recovering, emphasizing upward energy. This pattern is similar to the flow just before previous rallies, meaningfully raising discussions among market participants about Ethereum's potential structural strength conversion.
The relative strength compared to competing altcoins like Solana (SOL) and XRP further supports the rising expectations. Ethereum shows a relatively stable price structure among top altcoins and could become the central axis of the so-called 'altcoin season' with cyclical sector strength.
Analysts predicting the potential increase are setting Ethereum's long-term price target at $10,000. This range aligns with the upper range of previous major price waves and is considered achievable under similar market conditions.
Ultimately, Ethereum's direction depends on maintaining key support lines and market sentiment recovery. The industry anticipates Ethereum becoming the center of a structural rally alongside Bitcoin (BTC) and overall cryptocurrency strength, believing that a technical recovery could lead to a trend reversal and potentially realize the expected five-digit breakthrough.
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