ETH Eyes $10K Target as Historical Cycle Pattern Remains Intact

2026-02-07 07:18:14

⬤ Ethereum continues trading within its established cycle framework as market participants assess whether recent weakness signals a bottom. Historical data shows ETH consistently forms higher lows throughout each cycle before breaking through prior peaks and extending toward key Fibonacci levels.

⬤ ETH currently trades around $2,000 while holding above an ascending trendline that’s defined support throughout this cycle. During the previous market cycle, Ethereum broke above its $1,400 all-time high and rallied to roughly $4,800—a move that aligned precisely with the 1.414 Fibonacci extension following the breakout.

⬤ This same structural blueprint remains valid today. If Ethereum follows its historical playbook and exceeds the previous cycle high, the 1.414 Fibonacci extension projects a target near $10,000 based on current scaling.

⬤ The outlook hinges on maintaining structural integrity rather than confirming an immediate bottom. As long as ETH preserves its pattern of higher lows and eventually clears prior peaks, the cycle structure remains consistent with previous expansions.

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