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Ethereum Might Touch $10k This Cycle - Descending Broadening Wedge Says So
That wedge pattern for Ethereum looks promising. Really promising. I'm usually more cautious with predictions, but things are changing. Big money is flowing in. Institutional players. They're here now.
The technical breakout we're seeing? Kind of surprising how clean it was. The momentum feels different this time.
Looking back at 2025 data, these wedge breakouts work out about 65% of the time. Not guaranteed. But decent odds. Returns average around 18% across markets. Not bad.
Smart traders jump in when price punches through that upper trendline. Then they aim for targets based on the pattern's height. Simple enough.
ETH sits at $4,009.37 right now. Up nearly 3% in just a day. The strength seems real, though it's not entirely clear how sustainable this pace is.
The $10k target feels ambitious. Maybe too ambitious? It seems possible with the way things are moving. We'll see.