Can Ethereum muster the strength to hit the landmark $10,000 price point

Despite being a titan of Web3, Ethereum’s recent performance has been sluggish compared to its peers. As the network is now the fabric underpinning vast swathes of the crypto economy, and with ETH the asset lagging behind competitors, investors have been left pondering a crucial question: can Ethereum muster the strength to hit the landmark $10,000 price point before the next Bitcoin halving reshapes the market around 2028? Exploring Ethereum’s current revival efforts, upgrade paths, and historical cycle dependencies provides context for this pivotal Ethereum price prediction.

Green shoots or false dawn? Ethereum’s revival efforts

After a rather rocky start to 2025, there are signs that we might be seeing a slight revival in interest in the Ethereum ecosystem. On-chain data recently revealed a notable uptick in weekly unique addresses interacting with the ecosystem, suggesting that users might be returning to the network after a period of inactivity.

In addition, trader sentiment towards the world’s second-largest cryptocurrency appears to be warming, which has placed ETH at the forefront of market attention once again. As Benzinga reported earlier this week, despite not seeing the same floods of cash as Bitcoin, Spot ETH ETFs have pulled in a respectable $2.5 billion over a recent two-week span.

Perhaps more significantly, BlackRock’s (NYSE:BLK) plan to leverage Ethereum to tokenize a major Treasury fund underscores the potential for long-term institutional reliance on the network.

Of course, this technological evolution is also essential. Buterin has been floating interesting ideas to streamline the execution layer for better scalability and user experience, while the impending Pectra upgrade is focused on improving network efficiency.

However, the shadow of competitors like Solana (CRYPTO: SOL) looms large, as the Solana blockchain has managed to capture significant user activity and DEX volume. For Ethereum to truly regain momentum and justify a bullish Ethereum price prediction, these upgrades must translate into tangible improvements that win back market share and demonstrably boost network demand.

Solana vs. Ethereum weekly DEX Volume Source: DeFiLlama

Halving cycles & the $10k target

Shifting the focus towards the multi-year timeframe, the potential for Ethereum to reach $10,000 is often discussed in relation to Bitcoin’s halving cycles. These cycles, occurring roughly every four years, have historically been followed by major crypto bull runs, forming “supercycles” in 2013, 2017, and 2021.

As the leading altcoin, Ethereum has typically benefited immensely during these periods of halving-induced euphoria. With the next halving anticipated around 2028, the question arises: could this cycle witness an Ethereum price prediction reaching the $10,000 milestone?

Within this framework, it becomes plausible. To achieve this target from current levels (around $1,800-$2,000) would require a greater than 5x increase. While substantial, such gains are not unprecedented during peak bull market phases driven by halving scarcity narratives and subsequent retail/institutional FOMO.

If history repeats itself and Ethereum manages to maintain its network effect and relevance, the next halving cycle presents the most logical timeframe for potentially reaching, or at least approaching, the $10,000 mark.

In the past year the ETH price peaked at $4,000; is $10,000 in the cards? Source: CoinMarketCap

Technical hurdles & near-term outlook for the Ethereum price prediction

While the long-term narratives are bullish, Ethereum’s immediate technicals present some challenges. As highlighted in a recent analysis by Benzinga's own kripto virology, ETH found support near its -1SD line, suggesting a potential bottom.

However, the lower part of the price is encountering resistance between $2,066 and $2,517 as many traders bought high and are now averaging down. Breaking out of the immediate levels like $2,000, $2,300, and $2,533 is crucial for the bulls to gain momentum.

The indicators are also presenting a mixed picture. Derivatives data suggests that optimism is returning with rising Open Interest and a strong build-up of Call options. On the other hand, on-chain metrics like the Price-DeBase Average (DAA) are showing a negative divergence, and the Chaikin Money Flow (CMF) is indicating that institutional and large-scale investors are not yet returning in droves.

This rather complex picture makes any short-term Ethereum price prediction difficult. Overcoming these hurdles and technical anomalies will be essential for any serious Ethereum price prediction aiming for $10k.

An alternative opportunity: Remittix (RTX)

As Ethereum navigates this multi-year path, investors seeking nearer-