It is stated that the Ethereum (ETH) price has the potential to grow towards $10,000 in the coming months. This prediction is based on a combination of fundamental and fractal indicators.

The 2023-2024 price fractal predicts that the ETH price will consolidate between $1,500-2,000 and then rise to $3,500. The current price action closely follows this pattern.

Another important catalyst is technical indicators such as the Fibonacci retracement chart and moving averages. A rally from the 2022 low could take the ETH price to $6,978 and $10,623.

Finally, the growth in global M2 money supply is a positive macroeconomic trend for Ethereum. Given the positive correlation with Bitcoin, the expansion of global liquidity could also push Ethereum higher.

We are waiting for your comments: Do you think ETH can reach $10,000?