Ethereum price repeats bullish ‘megaphone’ pattern since 2017

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Ethereum price It formed a key technical pattern reminiscent of the pattern observed in 2017, when the cryptocurrency began a massive rally. According to cryptocurrency analysts, this pattern, known as the ‘bullish megaphone’, could be a sign that ETH price could rise towards $10,000.

Bullish Megaphone Sets Stage for Ethereum Price Rise to $10,000

A blockchain and cryptocurrency technology analyst identified as ‘EtherNasyonal’ on X (formerly Twitter) said: predicted The price of Ethereum could soon exceed $10,000. According to analysts, Ethereum price movement It shows the Bullish Megaphone, a historical chart pattern observed during the current 2016-2017 bull market.

that bullish megaphone pattern A technical indicator consisting of two higher highs and two lower lows, often indicating: potential upward trend Continuing with cryptocurrencies. These technical patterns are considered bullish when the price of a cryptocurrency crosses a trend line with increasing trading volume.

Looking at the analyst’s article Ethereum price chart A bullish megaphone pattern was formed in both bullish cycles, from 2016 to 2017 and from 2024 to 2025. Moreover, as the key technical pattern ended in 2017, the price of Ethereum soared to new price levels, surpassing $1,200 in 2018.

EtherNasyonal suggested that Ethereum could signal a similarly large price surge, with a potential rise above $10,000, as it repeats this pattern during the current bull market. At the time of writing, CoinMarketCap stated: Ethereum price It is trading at $3,353, up 7.24% over the past seven days. At the current price Rally towards $10,000 This represents a 198% increase for Ethereum and highlights its significant increase in value.

ETH is currently trading at $3,351. Chart: TradingView

The analyst also pointed out that altcoins are likely to follow Ethereum’s bullish momentum and experience a similar upward trend. This price rise of ETH may have further implications in the future Altcoin trajectory There is this bullish cycle in the cryptocurrency market.

Is altcoin season coming?

Historically, Ethereum has been an important catalyst or determining factor in the launch of highly anticipated innovations. Altcoin Season. while Bitcoin’s Dominance Altcoins generally follow this bullish trajectory, with Ethereum leading the way, although they tend to experience significant bullish periods followed by significant declines during these periods. The traces behind the Bitcoin price rise.

MikyBull Crypto, a prominent analyst at declare This altcoin season is Current Bullish Cycle It has officially begun. To be clear, altcoin season follows Bitcoin’s consolidation phase following the rally, when the small-cap cryptocurrency begins a strong market rally.