Ethereum’s price has surged by over 44% in just three days, surpassing $2,600 on May 11th. This recent rally is fueling excitement about the possibility of Ethereum hitting a new all-time high of $10,000. The key drivers behind this surge include an expanding DeFi ecosystem and growing institutional investments. Analysts are drawing parallels to past market cycles, noting historical fractals and RSI recovery that mirror setups seen in 2016 and 2020. These patterns have historically preceded significant rallies. With its price action demonstrating a parabolic trajectory similar to previous market cycles since 2015, Ethereum’s next move could take it towards the upper boundary of the curve, currently hovering near $10,000. Crypto analyst MilkyBull Crypto believes a $10,000 breakout