ETH’s Celestial Ascent: $10K or Bust? 🌕💸

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Ah, the fickle dance of Ethereum (ETH), that digital darling of the crypto sphere, has once again leapt from its slumber, breaching the $4,000 barrier with the grace of a fox in a henhouse. At $4,300, it prances, leaving analysts in its wake, their quills quivering with bold predictions of five-digit glory. 🤑

At the hour of this scribbling, ETH has swelled by a modest 4% since yestermorn, its daily volume swelling to a corpulent $34 billion. A mere trifle, you say? Nonsense. The markets are aflutter, and the cognoscenti are taking note. 📈

The Ladder to the Moon: Merlijn’s Vision

Merlijn The Trader, that soothsayer of charts, declares Ethereum’s price structure a “ladder,” each rung a breakout, each step a higher base for the next ascent. He points to the peaks of yore: $1,440 in 2018, $4,400-$4,800 in 2021, and now, this audacious leap above $4,000 in 2025. A veritable staircase to the heavens! 🪜✨

His chart, a thing of beauty and terror, plots ETH within a long-term ascending channel, with targets at $6,500, $8,000, and the vaunted $10,000. “Ignore the fear,” he intones, with the gravitas of a high priest, “Five-digit Ethereum is inevitable.” The $4,000 retest, he assures us, shall be a bulwark against the naysayers. 🛡️

IncomeSharks’ Tactical Retreat: Selling in Stages

IncomeSharks, ever the pragmatist, presents a trading plan as intricate as a Regency ball. Staged selling, they call it, with 10% exits at each resistance level. Their chart depicts ETH tumbling from above $4,600, only to reclaim $4,000-a “fakeout,” they scoff. 🦈💰

$ETH – Selling another 10% to make sure we see $5k in Pumptober.

– IncomeSharks (@IncomeSharks) September 30, 2025

Their strategy, a delicate balance of greed and caution, aims to safeguard profits while maintaining exposure to the upside. “Pumptober,” they whisper, that mythical season of crypto exuberance, could yet propel ETH to $5,000, provided the support holds. 🎃🚀

CryptoJack’s Bullish Whispers: Fear and Liquidations

CryptoJack, that sage of the weekly charts, observes ETH consolidating above the $3,800-$4,000 zone, once resistance, now a bastion of support. He notes the earlier breakout from a descending broadening wedge, the recent pullback a mere hiccup in the grand scheme. 🧙♂️📉

#ETH still looks bullish

Funding is negative, fear is high, massive liquidations happening.

But soon, the market will show its true strength

– CryptoJack (@cryptojack) October 1, 2025

Such conditions, he avers, are the hallmarks of an oversold market ripe for rebound. His chart points to targets between $6,000 and $6,500, should buying pressure return. Funding rates, meanwhile, hover at a positive 0.0121, signaling a thirst for long positions-though a sharp rise, he warns, could portend short-term corrections. ⚖️

Institutional Embrace: ETH Surpasses BTC in Treasuries

Cas Abbé, that chronicler of institutional whims, reports a seismic shift: Ethereum has surpassed Bitcoin in the percentage of supply held by digital asset treasury companies. Treasuries now hold 4% of ETH, compared to a mere 3% of BTC. “ETH has become the new institutional favourite,” he declares, with a flourish of his quill. 🏛️💼

“It seems like ETH has become the new institutional favourite,” he noted.

This growing appreciation, coupled with technical strength above $4,000, has analysts wondering if ETH can continue its celestial ascent. Will it climb the ladder to $10,000, or shall gravity assert its cruel dominion? Only time, that merciless arbiter, will tell. ⏳🚀

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2025-10-01 14:24