- ETH finally broke through the 50-week EMA after 9 weeks of rejection — a major technical milestone.
- Analysts are seeing rising dominance and setting their sights on targets as high as $10K.
- With BTC dominance dipping, Ethereum could lead the next altcoin season.
Ethereum’s waking up again, and if the latest chart action holds, we might be heading into a seriously bullish stretch. According to crypto analyst Doctor Profit, ETH just pulled off something it hasn’t managed to do in over two months — and that could be the spark traders have been waiting for.
Weekly 50EMA Break? Finally.
Doctor Profit dropped a post on X (yeah, still getting used to calling it that) saying ETH finally broke above the 50-week EMA after nine—yes, nine—straight weeks of rejection. That level sat around $2,600, and it’s been a brick wall for a while now. But with Bitcoin rallying hard to fresh all-time highs, Ethereum seems to be playing catch-up… and fast.
Some folks are already eyeing the yearly high of $3,600, and from there, well, $4K doesn’t sound all that crazy anymore. It’s that kind of momentum shift.
ETH’s Market Presence Is Growing Again
Another well-known analyst, Rekt Capital, chimed in to say that Ethereum’s market dominance is quietly rising. It’s not quite a copy-paste of the 2019–2020 move, but hitting 10% dominance is nothing to shrug off. The sentiment? ETH wants the spotlight again.
And then there’s Arthur Hayes—BitMEX’s co-founder—who’s still loud and proud about his $10K ETH call. In his recent X post, he showed a bullish ETH/BTC chart, making it clear he sees Ethereum outshining Bitcoin in the coming months.
Altcoin Season Knockin’?
Mikybull Crypto, another name on the charts, is tracking Ethereum through the Wyckoff re-accumulation pattern. According to him, ETH is on track to blast through the $3K “SOS” zone. After that? He sees it hitting $3,200 pretty quickly, with that move potentially setting off full-blown altcoin season.
He also flagged something a bit spicy—BTC dominance is slipping even as Bitcoin’s price climbs. That’s unusual. And it might just mean capital is gearing up to flow into alts. ETH would likely be first in line to benefit.
It’s worth noting: Mikybull’s been vocal about his belief that Ethereum could still hit $10K before this market cycle cools off. A bold call, but if momentum keeps building like this… who knows?
