Ethereum Back In The Spotlight As Analyst Eyes $10K

As the crypto market returns to an upward trend, a prediction is stirring the Ethereum community: a milestone at $10,000. Far from risky speculation, this projection comes from Gert Van Lagen, a recognized analyst who uses Elliott Wave Theory to support his scenario. Shared on July 18 on the social network X (formerly Twitter), his analysis fits into a broader context of a global altcoin recovery. Structural vision or technical frenzy? This hypothesis fuels debates and questions the real trajectory of ETH in the coming months.

A Technical Reading of Ethereum’s Bullish Cycle

While Bitcoin’s dominance recedes in favor of Ethereum and XRP, in a post published on his X (formerly Twitter) account on July 18, Dutch market analyst Gert Van Lagen states that “Ethereum is completing a major bullish cycle according to a five-wave pattern, with a final target at $10,000“.

#Ethereum is poised to complete its 2019–2025 Bull Market with a textbook Expanding Diagonal as Wave v.

Each subwave within this structure is corrective. The current and final wave up is expected to break out of the Wave 3–4 megaphone pattern, completing Wave a, followed by a… pic.twitter.com/wvwAQbwXAy

— Gert van Lagen (@GertvanLagen) July 19, 2025

He relies on Elliott Wave Theory, a technical analysis method that identifies recurring patterns related to investor psychology. According to him, Ethereum is currently evolving in wave V, the final sequence of a bullish cycle that began in 2022.

According to his observations, here are the different stages of this cycle :

• Wave I : an initial bullish impulse ;
• Wave II : a marked correction between 2022 and 2023 ;
• Wave III : a strong recovery characterized by powerful momentum ;
• Wave IV : a prolonged sideways consolidation phase ;
• Wave V : the current movement, a final push of an expanding diagonal type.

Van Lagen explains that Ethereum has just broken above the upper channel defined by waves III and IV. This bullish breakout would, according to him, mark the start of sub-wave A of the fifth wave.

He then anticipates a slight corrective pullback to form sub-wave B, followed by a final impulse, sub-wave C, which could, if confirmed, push Ethereum toward $10,000.

The analysis is part of a long-term macro-technical reading, starting in 2019, and does not rely on any external fundamental catalyst.

Market Signals That Temper the Bullish Reading

While Gert Van Lagen’s analysis impresses with its internal consistency, it does not hide certain less favorable technical and contextual signals. Currently, Ethereum trades at $3,794, up 1.79 % over 24 hours and 21.8% over seven days, which seems to temporarily support the bullish scenario.

However, the transaction volume shows a sharp drop of 46.03 %, an indicator often interpreted as a weakening of buyer momentum. The analyst has not commented on this matter, although this parameter can condition the viability of a movement as ambitious as the one anticipated.

Moreover, Ethereum’s market capitalization, estimated at $441.14 billion, confirms its position as the second largest crypto asset, with an 11.1% market share. Yet this relative dominance alone does not guarantee sufficient impetus to sustainably surpass historical highs.

Indeed, during the previous bull run, the asset struggled to consistently break above $4,800. Other structural elements, such as the still unconfirmed absence of a spot Ethereum ETF, regulatory uncertainties in the United States, or the variable performance of the DeFi sector, could act as brakes to a linear progression toward $10,000.

While Elliott Wave Theory offers an appealing and structured reading of Ethereum’s behavior, its application to the real market requires caution. The future evolution of the asset will depend as much on the technical confirmation of the envisaged scenario as on complex exogenous factors, often unpredictable. In this context, the $10,000 target appears less as a certainty and more as a hypothesis conditional upon the convergence of a set of technical, psychological, and economic catalysts such as the inflow of capital into its ETFs.