{"id":5935,"date":"2025-07-21T04:11:25","date_gmt":"2025-07-21T04:11:25","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-set-to-hit-10000-elliott-wave-analysis-predicts\/"},"modified":"2025-07-21T04:11:25","modified_gmt":"2025-07-21T04:11:25","slug":"ethereum-set-to-hit-10000-elliott-wave-analysis-predicts","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-set-to-hit-10000-elliott-wave-analysis-predicts\/","title":{"rendered":"Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts"},"content":{"rendered":"

Over the past week, the Ethereum (ETH) market recorded a solid positive price performance, reaching as high as $3,600. Notably, the second-largest cryptocurrency, among many altcoins, is experiencing a strong bullish momentum as evidenced by price gains of 45.48% over the last month. Amid the present market euphoria, Dutch market analyst Gert Van Lagen has backed Ethereum’s chances for sustained price gain based on an Elliott wave analysis.<\/p>\n

Ethereum To Complete Bull Market Cycle On High Note – Analyst<\/strong><\/h2>\n

The Elliot wave theory is a technical framework used to predict price targets by identifying repetitive patterns in price movements driven by investor psychology. In an X post<\/a> on July 18, Van Lagen explains that this price forecast framework indicates that Ethereum may be entering the final phase of its bull market cycle, with a potential price target of $10,000.<\/p>\n

According to the analyst, the ETH bi-weekly trading chart suggests the cryptocurrency is completing a textbook five-wave cycle that began in 2022, with the fifth and final wave now unfolding in the form of an expanding diagonal.<\/p>\n

\"Ethereum\"<\/p>\n

For context, the Elliot wave theory identifies a single price cycle in five waves, each composed of subwaves abc. As seen in the chart above, this includes the wave I marked by an initial impulse rally, followed by a sharp corrective Wave II as seen between 2022 and 2023. Wave III is defined by explosive momentum, pushing Ethereum to new highs, before entering a lengthy Wave IV consolidation characterized by a flat correction.<\/p>\n

Finally, there is wave V, i.e., the current status of the market, which is usually a final price surge. After breaking out of the upper boundary of the Wave 3\u20134, Gert Lagen explains that Ethereum is about completing subwave a of wave V following its most recent price gains.<\/p>\n

Therefore, investors should expect a brief pullback to retest the breakout zone, which would complete subwave \u2018b\u2019. After that, a blow-off rally forming subwave \u2018c\u2019 is on the cards, i.e., a price move that could push Ethereum to the $10,000 mark based on a broader Elliott wave analysis on the Ethereum bull market stretching from 2019 to date.<\/p>\n

Ethereum Price Overview<\/strong><\/h2>\n

At press time, Ethereum is trading at $3,657, posting gains of 1.79% over the past 24 hours and 21.8% over the last seven days. However, daily trading volume has dropped by 46.03%, signaling a potential weakening in the bullish momentum behind the current price surge. Following its most recent gain, the altcoin continues to retain its position as the second-largest cryptocurrency with a market cap of $441.14 billion and 11.1% market share.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past week, the Ethereum (ETH) market recorded a solid positive price performance, reaching as high as $3,600. Notably, the second-largest cryptocurrency, among many altcoins, is experiencing a strong bullish momentum as evidenced by price gains of 45.48% over the last month. Amid the present market euphoria, Dutch market analyst Gert Van Lagen has…<\/p>\n","protected":false},"author":1,"featured_media":5936,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1308,102,104,105,1468],"class_list":["post-5935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-elliot-wave-theory","tag-ethereum","tag-ethusd","tag-ethusdt","tag-gert-van-lagen"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5935"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5936"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}