Ethereum (ETH) continues to surge, pushing past the $2800 mark today and sparking strong bullish sentiment throughout the crypto market.

As technical indicators flash bullish signals and institutional demand rises, many analysts now wonder if SOLX will climb above the $10000 level in this cycle.

Ethereum (ETH) price today surged past the $2,800 mark, sparking strong bullish sentiment throughout the crypto market.

As technical indicators flash strong buy signals and institutional demand soars, many analysts now wonder if ETH will hit $10,000 in this cycle.

Could Ethereum Price Reach $10,000 in This Bull Cycle?

In a recent YouTube analysis, the 99Bitcoins channel explored the possibilities for Ethereum's price journey in this bull cycle.

The analysis highlights the role of institutional demand in driving ETH's recent upward trajectory.

As reported by Arcane Research, Bitcoin ETFs saw impressive net inflows of $386.2 million on June 9th, adding about 3,650 BTC.

Meanwhile, Ethereum ETFs drew $52.7 million and brought in 21,010 $ETH through institutional purchases.

This consistent buying activity from institutions is a major factor pressuring the price up, especially as the market could be entering an altcoin season.

Those holding altcoins and meme coins could see some serious gains if this trend continues.

Technical indicators for Ethereum are also showing a strong setup. Oscillators are currently showing a neutral stance, while moving averages clearly indicate a "buy" signal.

Today's overall summary reflects this strength with a firm "buy" reading.

On the weekly chart, there's even more confidence as moving averages display a "strong buy" and oscillators remain neutral.

On the 4-hour chart, despite minor selling, $ETH maintains a healthy trend, backed by rising demand and continuous capital inflow.

Analysts are setting ambitious price targets for Ethereum this cycle. Many expect ETH to revisit the $4,000 to $5,000 range at a minimum, with some aiming as high as $7,000 to $10,000—possibly surpassing previous all-time highs.

Those interested in direct exposure to Bitcoin and Ethereum can consider investing in the respective ETFs (ticker: BITC and EETH).

Ethereum Network Activity Hits All-Time Highs

The amount of staked ETH just hit a new all-time high, showcasing strong long-term conviction from holders.

ETH recently passed $2,700 and then $2,800, marking a 6.5% daily gain.

The network also reached a major milestone with over 741,000 active wallets in a single day—setting a new all-time high for daily activity.

This surge in network use adds fuel to the bullish outlook.

Although ETH remains down roughly 21% year-to-date, the ongoing momentum and constant capital inflows suggest a strong chance of recovery and a push toward new highs.

New Crypto Listing to Watch: Solaxy (SOLX)

Solaxy (SOLX) is the first Layer-2 built on Solana, designed to reduce pressure on the mainnet—especially during times when one meme coin can slow everything down.

Back in the 2021 bull run, Solana users often dealt with delays, failed transactions, and even full network outages.

SOLX solves this with roll-up technology. It bundles transactions, processes them off-chain, and then sends them back to Solana's mainnet for final settlement. This setup helps Solana run more smoothly and might finally push it toward its long-term goal of rivaling Ethereum.

The Solaxy team plans to build more than just an L2 solution. They recently shared their vision to create a full Layer-2 ecosystem on Solana.

To integrate Solaxy into the broader DeFi landscape, the team has partnered with Hyperlane to build a bridge connecting Solana, Solaxy, and Ethereum. This bridge will let users move assets easily between two of the biggest Layer-1 networks using Solaxy's new platform.

Along with the bridge and L2 features, Solaxy has launched its own DEX and token launchpad, called 'Igniter Protocol'. No other Solana project offers such a complete set of tools.

Users can now bridge assets from Solana or Ethereum to Solaxy, launch a token using Igniter, trade that token on Solaxy's DEX, and potentially create the next big meme coin of the bull market.

The $SOLX presale ends in less than five days. It's already one of the largest presales this year, raising more than $47.5 million so far.

Interested buyers can head to the official Solaxy presale site, connect a wallet like Best Wallet, and swap SOL, USDT, ETH, or BNB for $SOLX—or use a bank card to buy at the final presale price of $0.001754.

Buyers can also stake their $SOLX tokens right away in the sale dashboard and earn up to 85% APY while waiting for the token's listing on exchanges.