$10K Ethereum? Experts Highlight 5 Key Indicators for the Next Rally

• Whale accumulation, rising transactions, and exchange outflows point to Ethereum’s potential rally, with experts predicting a rise to $10,000.
• Ethereum’s price surge, higher trading volumes, and growing futures open interest signal confidence, with a target of surpassing $4,000 before reaching $10,000.

In line with the recent Ethereum surge following the U.S. election win, as CNF reported, Ethereum’s recent 7% surge has fueled discussions about a potential rally to $10,000. Analysts point to several key indicators suggesting bullish momentum, including whale accumulation and minimal selling pressure.

Increased transaction activity, with daily transactions rising from 1.1 million to 1.22 million over three months, highlights growing demand for the network. As shared in a tweet by IntoTheBlock:

New Ethereum addresses remain below previous bull market levels, likely impacted by the growing popularity of Layer 2 solutions like Base. While the ecosystem grows, it’s important to remember that Base relies on Ethereum as its settlement layer.

Moreover, here are five key metrics underpinning the bullish sentiment: 1) Whale Accumulation, 2) Rising Daily Transactions, 3) Large Holder Netflows, 4) Steady Holding Times, 5) Exchange Outflows.

Whale Activity and Network Metrics Bolster Confidence

Large holder netflows indicate whales are buying Ethereum, reducing sell-side pressure and supporting price appreciation. Short-term investor activity and long-term holding trends also reveal strong market confidence. Notably, steady holding patterns constrain supply as demand increases, further setting the stage for potential price growth.

Market Optimism Boosts Rally Speculations

Buoyed by Bitcoin’s new all-time high and hopes for clear crypto regulations under Donald Trump’s administration, the altcoin market shows promising signs of extended rallies. Ethereum’s price reached $3,343, with trading volumes soaring by 61% to $45.19 billion. Futures open interest also jumped 13%, underscoring market enthusiasm.

Experts predict Ethereum could hit $10,000 soon, though a climb past $4,000 is expected first. As of today, Ethereum (ETH) is trading at $3,376.69, having surged by 8.51% in the past day and 9.88% in the past week.