Ethereum Approaches $10,000 as Institutional Buying Fuels Momentum

Ethereum is experiencing a surge in price, with analysts predicting the asset could reach $10,000. This bullish momentum comes from both technical patterns and significant institutional purchases. A new head-and-shoulders pattern on the weekly chart indicates a long-term uptrend, and BlackRock’s recent investment of a record amount of Ethereum further bolsters confidence in the market.