Ethereum Eyes $10K Rally as Bullish Pattern Forms

Ethereum prices are showing signs of a potential breakout towards $10,000, with technical indicators suggesting an upcoming surge in bullish momentum. Analyst insights highlight the formation of a megaphone pattern on ETH’s weekly chart, indicating widening volatility and explosive price movements once resistance is overcome. Breaking above $5,000 could trigger liquidations of over $5 billion worth of short positions, potentially accelerating this upward movement.