Ethereum, The Real Rally Hasn't Even Begun..."Now Is Just a Preview of the $10,000 Era"

▲ Ethereum (ETH)

As Ethereum (ETH) shows a strong recovery recently, a prediction has emerged that a hidden imbalance zone on the chart will be the key to opening the door to the $10,000 era.

According to NewsBTC, a specialized virtual asset media outlet, on April 17 (local time), crypto analyst Sandra White claimed that Ethereum's recent movements are merely a prelude to a massive rally. According to technical analysis by virtual asset analyst Crypto Patel, Ethereum left an unfulfilled Fair Value Gap (FVG) between $2,475 and $2,634 during its decline earlier this year. In technical analysis, such imbalance zones act as magnets that attract prices and trigger strong rebounds.

Ethereum recently surpassed $2,300, rising to the $2,420 level, and is on the verge of entering the imbalance zone. White analyzed that there is a very high probability that Ethereum will soon fully fill this zone, rising to $2,634. This technical setup is interpreted as an important signal that could trigger an altcoin season, beyond a simple price recovery.

The key support level for the bullish argument is the $1,750 zone. This support level remained strong during the recent sell-off, laying the groundwork for the current recovery. Ethereum's future structure is divided into three layers. The first stage is the recapture of the currently ongoing imbalance zone. The second stage is the breakthrough of the bearish order block formed between $2,900 and $3,035.

The bearish order block at the $2,900 level is where a large-scale sell-off occurred in February, turning the symmetrical triangle support into resistance. If this zone is cleanly broken through, the bearish pattern on the chart will be completely invalidated, leading to a broader uptrend. White predicted that when the breakthrough of this point is confirmed, a strong rally will begin not only for Ethereum but for the entire virtual asset market.

If the $3,035 resistance level is not overcome, Ethereum's price could be pushed back into a sideways trading range between $1,500 and $2,000. However, if $3,035 is broken with strong momentum, a long-term five-digit price target becomes a realistic scenario. Crypto Patel suggested a long-term target price of $10,000 for Ethereum, analyzing that a revaluation will occur with the maturation of its ecosystem.

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