Oh. My. God. Apparently, some *analyst* ā and I use the term loosely, because let’s be real, who can predict anything these days? ā thinks Ethereum could hit $10,000. If it breaks through some imaginary line drawn on a chart. Honestly, it’s all soā¦technical. š
Is Ethereum About To Have A Moment? (Maybe?)
This Ali Martinez person (who I assume has a very serious face and owns a lot of tweed) has been pontificating on X, formerly known as Twitter, about something called a “Parallel Channel.” It sounds like a sci-fi film, but apparently, it’s when the price of something justā¦goes sideways for a bit. Like my life, frankly. š¤·āāļø
Apparently, there are different kinds of sideways-going channels. This one is like, *super* sideways. I mean, exceptionally. It’s a real achievement in sideways-ness. And where the price goes up and down between parallel lines. Groundbreaking stuff, really.
The idea is, if ETH can manage to escape this imaginary channel (which I’m picturing as concrete barriers, because why not?), it might go UP. Or maybe down. It’s always a 50/50 chance, isnāt it? Such sophisticated analysis. š
Hereās a picture of said channel. Try not to get too overwhelmed. Itās veryā¦chart-y.
So, Ethereum bounced off the bottom of this thing earlier in the year (good for it!), and now itās creeping towards the top, around $4,000. Itās tried to break through before, three times apparently, and failed miserably. Poor thing.
But! (Thereās always a ābutā, isnāt there?) If it DOES break through this time, Martinez predicts $10,000! Apparently, these channel breakouts are the same length as the channel itself. It’s likeā¦chart geometry? Look, I’m just reporting the news, okay? š
āIf Ethereum $ETH can break past $4,000, we could be looking at $10,000 next!ā he proclaims. Very dramatic. Like he’s announcing the arrival of a superhero. Or mildly increasing the value of a cryptocurrency.
Also, apparently a lot of newbies are buying ETH. Which is either a good sign because adoption, or a terrible sign because they’ll all panic sell at the first dip. š¬
The Actual Price (As Of Right Now)
Right now, Ethereum is at $3,750, which is, you know, up 25% in a week. So, things are happening. Maybe. Possibly. Don’t invest your life savings. Just saying.
Honestly, the whole thing feels a bit⦠precarious. But hey, at least itās something to talk about over lukewarm coffee on a Monday morning. āļø
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2025-07-22 10:20