Prominent crypto market analyst Ted Pillows has shared a bullish outlook of the Ethereum market tipping the altcoin to attain a $10,000 price point. Pillows’ bold prediction comes after a modest ETH price uptick of 1.21% in the past week in response to Bitcoin price rebound. However, the altcoin remains in a corrective trend after declining by 9.3% in the past month.
Notably, In 2017, a retest to this lower band led to an astonishing 300x surge, while in 2020, it catalyzed a 50x run. In 2025, ETH appears to have touched the same technical level once again, raising the possibility of yet another parabolic move.
For this most recent retest, Pillows adopts a conservative outlook, forecasting a modest 6x gain, likely influenced by Ethereum’s current market cap of $292.25 billion and its increasing exposure to institutional investors, both of which signal a maturing asset. If this projections hold, ETH could surge past the $10,000 mark.
Presently, ETH bulls face a major price barrier around the $2,600 level, where the altcoin has been rejected twice in the past month. Clearing this hurdle is crucial for a retest of the key resistance at $2,800. A breakout above that level could open the path toward the current cycle peak near $4,000.
Featured image from Pexels, chart from Tradingview
