Ethereum Price Analysis: Bullish ‘Megaphone’ Pattern Indicates $10,000 Possibility

The Ethereum price is on an exciting journey, forming a technical pattern that has crypto analysts buzzing with excitement. Known as the ‘Bullish Megaphone,’ this pattern is similar to the one seen back in 2017 during a major bull rally. One analyst, going by the name ‘EtherNasyonal,’ believes that this pattern could be setting the stage for Ethereum to reach a price of $10,000.

The Bullish Megaphone pattern consists of two higher highs and two lower lows, hinting at a potential uptrend continuation for Ethereum. When a cryptocurrency’s price breaks above the trend line with increased volume, it’s considered a bullish signal. Looking at Ethereum’s price chart from 2016 to 2017 and comparing it to the one from 2024 to 2025, the Bullish Megaphone pattern has shown up in both bull cycles. In 2017, the end of this pattern led to a massive price surge for Ethereum, surpassing the $1,200 mark by 2018.

According to EtherNasyonal, if Ethereum follows this pattern once again in the current bull market, we could be in for a significant price increase, potentially reaching above $10,000. As of now, Ethereum is trading at $3,353, showing a 7.24% increase in the last week. If Ethereum were to reach $10,000, it would represent a 198% increase, highlighting a substantial value surge.

The analyst also suggests that altcoins may ride the wave of Ethereum’s momentum and experience a similar uptrend. This positive movement in Ethereum could influence the future direction of altcoins in the crypto market during this bullish cycle.

In the past, Ethereum has often kickstarted the altcoin season, where other digital assets see significant price increases. With Ethereum’s potential to reach new heights, could this be a signal that the altcoin season is upon us once again? Only time will tell as we watch Ethereum’s price continue to evolve.