Ethereum is poised for a significant price surge as it approaches a crucial breakout point after four years of sideways trading. The last time this happened saw ETH climb nearly 20x in just one year. This new potential rally is being fueled by growing institutional interest and the network’s advancements like Ethereum 2.0, which improved scalability and energy efficiency. Analysts are even predicting a possible $10,000 ETH target in the near future. 8. 75,000+ people are currently following the latest developments on Twitter. 1.0, 2.0, DeFi, NFTs, and Institutional interest all play a role in driving Ethereum’s upward momentum. Historical data suggests that once price breaks out of a consolidation range, explosive growth can follow. This is evident in the past breakout from a four-year range that resulted in a nearly 20x increase. Could we see another similar surge for Ethereum?