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Ethereum Bulls Eye $10,000 Mark After Holding Key Market Support

Ethereum Bulls Eye $10,000 Mark After Holding Key Market Support

CryptonewslandCryptonewsland2025/05/23 01:56
By:by Yusuf Islam
  • Ethereum moved up strongly after bouncing from a support zone that marked the start of past rallies.
  • The chart shows a breakout that may lead ETH to reach $13919 based on its bullish long-term trend.
  • Buyers are pushing ETH past resistance levels with price now close to the major zone near $4600.

Ethereum (ETH) has surged by 97.08% from its recent entry level and now appears poised for a run toward the $10,000 mark. A detailed chart shared by Crypto Patel on May 22, 2025, shows a bullish setup supported by a breakout from historical bear market support. The projected target stands at $13,919.09, indicating a potential gain of over 1,001% from previous levels.

Ethereum Bulls Eye $10,000 Mark After Holding Key Market Support image 0 Ethereum Bulls Eye $10,000 Mark After Holding Key Market Support image 1 Source: X

The roadmap, outlined in the 2-week Ethereum/USDT chart on Binance, shows ETH reclaiming critical zones above $2,663.73. Momentum has returned after ETH bounced from long-standing support at $1,350 and cleared resistance at $2,482.82. The asset’s strong close and accelerating volume are signaling a potential sustained rally toward previous highs.

The post from Crypto Patel has drawn significant attention, with nearly 300 likes and a growing number of reposts. The analyst notes that ETH is gaining traction following Bitcoin’s ATH breakout, and now bulls are focused on Ethereum. According to the roadmap, ETH’s next major resistance is projected above the $10,000 level, with targets stretching as far as $18,000.

Bear Market Support Holds as Bulls Take Charge

Ethereum’s recent bounce from the bear market support region has marked a pivotal shift in price structure on the longer timeframe. Historical patterns show this zone as a key level for initiating major bull runs, previously followed by multi-fold rallies. ETH has now established this support again, boosting market confidence.

The chart identifies three major resistance zones. The first lies near the current trading level of $2,663.73. The second is above $4,176.32, while the last sits around the $4,600.00 mark, which is near the previous all-time high level. These resistance zones were previously tested multiple times, but Ethereum has not broken above them since 2021.

Price action suggests Ethereum may now be in a macro accumulation phase, preparing for the next major move upward. The roadmap outlines how each previous bounce from support triggered aggressive price expansion. The purple arrow on the chart points directly toward a future breakout and targets just shy of $14,000.

Ethereum Momentum Builds With Breakout Projection

The Ethereum bull run projection is supported by momentum indicators and a bullish technical setup across weekly and monthly timeframes. The current move has already added over 97% since the last support confirmation, aligning with patterns seen before past major rallies.

Volume has grown steadily since May 2025 began, suggesting strong buyer interest and new liquidity entering the ETH market. A 1,001% growth target places the final projected value near $13,919.09, which falls just below the extended resistance trendline. This level may serve as a future reversal or consolidation area.

Community interest has risen following Crypto Patel’s analysis, which declared this the “strongest bullish signal” of the year. Ethereum’s trajectory now depends on whether bulls can maintain strength above resistance zones. Can Ethereum achieve its projected surge and finally reach five-digit price levels?

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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