Ethereum (ETH) continues to surge, pushing past the $2,800 mark today and sparking strong bullish sentiment throughout the crypto market.
As technical indicators flash bullish signals and institutional demand rises, many analysts now wonder if $ETH will climb above the $10,000 level in this cycle.
Source – 99Bitcoins YouTube Channel
Ethereum Price Prediction
The recent upward trajectory stems from growing demand, especially from institutional investors.
Recent ETF performance highlights this trend: Bitcoin ETFs recorded impressive net inflows of $386.2 million on June 9th, adding approximately 3,650 BTC. Ethereum ETFs followed closely, drawing $52.7 million and bringing in 21,010 $ETH through institutional purchases.
Consistent institutional buying continues to play a major role, showing that big players remain active in accumulating $ETH. This steady flow of capital increases buying pressure, especially with the market potentially entering an altcoin season.
Those holding altcoins and meme coins could experience a thrilling wave of growth if this momentum continues.
Technical indicators for Ethereum point to a strong setup. Oscillators currently hold a neutral stance, while moving averages clearly flash a “buy” signal. Today’s overall summary reflects this strength with a firm “buy” reading.
The weekly chart shows even more confidence, as moving averages display a “strong buy” and oscillators stay neutral. On the 4-hour chart, despite minor selling, $ETH maintains a healthy trend, backed by rising demand and continuous capital inflow.
Analysts, encouraged by these developments, have set ambitious price targets for Ethereum this cycle. Many expect $ETH to revisit the $4,000 to $5,000 range at a minimum, with some forecasts aiming as high as $7,000 to $10,000 — possibly surpassing previous all-time highs.
Beyond price movements, Ethereum’s network health continues to shine. The amount of staked $ETH just hit a new all-time high, reflecting strong long-term conviction from holders. $ETH recently climbed past $2,700 and then $2,800, marking a 6.5% daily gain.
Meanwhile, the network reached a major milestone, with over 741,000 active wallets in a single day — setting a new all-time high for daily activity.
This surge in network use adds fuel to the bullish outlook. Although $ETH remains down roughly 21% year-to-date, the ongoing momentum and constant capital inflows point to a strong chance of recovery and a push toward new high.
New Crypto Listing to Watch: Solaxy (SOLX)
Solaxy (SOLX) is the first Layer-2 built on Solana, designed to reduce pressure on the mainnet—especially during times when one meme coin can slow everything down. Back in the 2021 bull run, Solana users often dealt with delays, failed transactions, and even full network outages.
$SOLX solves this with roll-up technology. It bundles transactions, processes them off-chain, and then sends them back to Solana’s mainnet for final settlement. This setup helps Solana run more smoothly and might finally push it toward its long-term goal of rivaling Ethereum.
The Solaxy team plans to build more than just an L2 solution. They recently shared their vision to create a full Layer-2 ecosystem on Solana.
On June 10, they announced a partnership with Hyperlane to build a bridge connecting Solana, Solaxy, and Ethereum. This bridge will let users move assets easily between two of the biggest Layer-1 networks using Solaxy’s new platform.
Along with the bridge and L2 features, Solaxy has launched its own DEX and token launchpad, called ‘Igniter Protocol’. No other Solana project offers such a complete set of tools.
Users can now bridge assets from Solana or Ethereum to Solaxy, launch a token using Igniter, trade that token on Solaxy’s DEX, and potentially create the next big meme coin of the bull market.
The $SOLX presale ends in less than five days. It’s already one of the largest presales this year, raising more than $47.5 million so far.
Interested buyers can head to the official Solaxy presale site, connect a wallet like Best Wallet, and swap SOL, USDT, ETH, or BNB for $SOLX—or use a bank card to buy at the final presale price of $0.001754.
Buyers can also stake their $SOLX tokens right away in the sale dashboard and earn up to 85% APY while waiting for the token’s listing on exchanges.
Visit Solaxy
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.