Ethereum: Beginning Of A Large Long-Term Breakout Rally (Technical Analysis)
2025-07-10 23:52:27
Main Idea
Ethereum (ETH-USD) is poised for a potential long-term breakout rally, with short-term, intermediate-term, and long-term price targets outlined.
Key Points
1. Ethereum is challenging the key $2600 resistance level, indicating a potential breakout.
2. The short-term price target for Ethereum is approximately $5000.
3. The intermediate-term price target for Ethereum is $10,000 to $12,000.
4. The analysis is provided by Steven Vincent, who has been studying and trading markets since 1998.
5. The author discloses a beneficial long position in Ethereum through stock ownership, options, or other derivatives.
Description
Summary Ethereum is breaking out above $2,600 with a high-conviction technical setup, signaling the start of a potential multi-year bull phase with projected upside targets of $5K, $10K–$12K, and even $54K. A favorable political shift is fueling the rally: President Trump has designated crypto a strategic asset, dismantled anti-crypto regulatory forces, and appointed a White House advisor for crypto policy. Institutional adoption is accelerating as BlackRock and Fidelity pour hundreds of million...
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