Analyst: ETH is expected to break through $10,000 in this cycle, and a new round of altcoin season may begin in the future

Mars Finance News, according to Cointelegraph, the technical form of Ethereum shows that ETH is expected to see a significant increase and may launch an Altcoin season in the next few weeks or months. Crypto analyst Mikybull stated that using Wyckoff technical analysis indicates that Ethereum price may break through the $3,200 mark. Multiple analysts predict that the target price for Ethereum in this cycle is $10,000 and above. Joao Wedson, founder and CEO of Alphractal, said in an X post on June 26 that the Altcoin season index is sending an opportunity signal. In the past 60 days, Bitcoin has outperformed Altcoins, and the Altcoin season index remains in the green zone below 20%. He believes this is not necessarily a bad thing and "it could be a good opportunity to accumulate when Altcoins are still lagging behind." Whenever this index breaks through the 20% mark, it quickly rises in a short time, reaching over 80%, at which point the "lagging" Altcoins begin to outperform Bitcoin.