**Ethereum Eyes $10,000: Bullish Indicators and Market Trends**
Ethereum's native token, Ether (ETH), could be on its way to hitting $10,000 in the coming months, thanks to a mix of bullish indicators and market trends.
**Price Fractal Analysis**
- Julien Bittel from Global Macro Investor highlights a price fractal from January 2023 to March 2024, where ETH consolidated between $1,500 and $2,000 before breaking out to $3,500.
- Current price action mirrors this pattern, suggesting a potential bullish breakout.
**Technical Indicators**
- Fibonacci retracement and exponential moving averages (EMA) point to targets of $6,978 and $10,623.
- ETH's weekly chart shows attempts to reclaim key levels, with the RSI indicating room for further upside.
**Macroeconomic Trends**
- Global M2 money supply growth, driven by central banks easing monetary policies, could boost both Bitcoin and Ethereum.
- Historical data shows Bitcoin's price gains during M2 expansion, hinting that Ethereum might follow suit.
While these indicators are promising, always conduct your own research before making investment decisions.