Can Ethereum Hit $10,000 by 2025? Technical Data Shows Patterns

Ethereum's price has been on a roll lately, and some analysts believe it could hit $10,000 by 2025.

This target is largely driven by strong technical indicators and the current bullish momentum in the market.

Looking at the daily chart, Ethereum has shown positive movement and broke out from a falling channel.

It recently surpassed $3,600, with a significant jump of over 10%, marking a potential trend reversal after several months of consolidation.

According to CoinGeko, ETH is currently trading at $3,931, and it’s up by 3.5% over the last 24 hours.

This recent surge in demand might be fueled by anticipation for the upcoming Shanghai upgrade, which will allow staked ETH to be withdrawn.

Moreover, a crypto analyst named Ali Martinez shared his thoughts on Ethereum’s price action.

He noted that if Ethereum continues along this upward trajectory, it could reach $6,000 in the mid-term.

The long-term target of $10,000 is realistic if the price can break above the upper boundary of the channel.

The Relative Strength Index also supports further growth, showing that the momentum is strong enough to sustain the upward movement, though some pullbacks might occur along the way.

Key resistance levels are seen around $4,091, while crucial support is at $3,300 to $3,000.

PlutoChain might be offering a breakthrough for Bitcoin by introducing a Layer-2 solution that enables smart contracts and decentralized applications.

Bitcoin’s slow 10-minute block time has limited complex applications, a gap addressed by faster blockchains like Ethereum and Solana.

PlutoChain cuts block times to 2 seconds on its own L2 chain.

This faster processing allows developers to build decentralized apps while maintaining Bitcoin’s strong security, making the network more versatile and competitive.

The project's testnet has already processed over 43,000 transactions daily, a promising indicator of PlutoChain’s ability to scale and support mass adoption in the future.

PlutoChain also puts a major focus on community governance, inviting active participation from users and giving them a say in the development and direction of the network.

Another major point is security. To ensure its platform is secure and reliable, the project has undergone three independent security audits, including firms such as SolidProof, QuillAudits, and Assure DeFi.

What could make PlutoChain particularly exciting is its compatibility with the Ethereum Virtual Machine.

This feature could allow Ethereum-based decentralized applications (dApps) to seamlessly integrate with Bitcoin’s network, opening up new opportunities in DeFi, NFTs, and potentially AI-driven blockchain solutions.

Bitcoin has mainly been used as a store of value, however, PlutoChain adds smart contract capabilities to Bitcoin's secure network.

As the project prepares for its mainnet launch, it might be worth keeping an eye on its updates in the next few weeks.