3 reasons why $ETH will hit $10K next bull cycle - Cointelegraph Analytics

Ethereum's native token, Ether (ETH), could reach $10,000 in the coming months, driven by bullish fractal indicators. A price fractal between January 2023 and March 2024 shows similarities to current price action, suggesting a breakout toward $10,000 if momentum continues. Analyst Julien Bittel predicts this as a possible year-end target.

A long-term Fibonacci retracement analysis supports this projection, with key levels at $6,978 and $10,623. If ETH reclaims its 50-week EMA, the token could follow historical trends and hit these targets.

Global M2 money supply growth also bodes well for Ethereum, as liquidity increases and central banks ease monetary policies. This macroeconomic factor has historically influenced crypto prices, including ETH, pointing to further potential growth.