(Source: XForceGlobal)

Meta Description: The long-term target price for on-chain analysts looks at $9,000–$10,000. Focus on the July US CPI and the Washington crypto policy week to grasp the signal for the long-term upward trend of ETH.

Can ETH expect to welcome the ten-thousand-dollar moment?

In the recent market fluctuations, Ethereum (Ethereum, ETH) has once again become the focus of attention. According to charts and technical observations shared by renowned on-chain analyst XForceGlobal, ETH may be brewing a large-scale upward attack, with the potential to reach the range of $9,000 to $10,000 in the medium to long term, setting a new historical high.

XForceGlobal uses Elliott Wave Theory to point out that the recent rise belongs to a clear impulse wave, indicating that funds are indeed flowing in, rather than a short-term technical rebound. He added that although the current macroeconomic background has not fully synchronized with the technical aspects, from the market structure perspective, ETH has shown clear bullish continuation signals.

The ETF craze ignites the overall cryptocurrency market.

In addition to a strong technical outlook, Ethereum has also benefited from an overall improvement in market sentiment. Since mid-April, Bitcoin spot ETFs have absorbed over $15 billion in funds. This wave of capital not only boosted BTC but also drove ETH and other mainstream cryptocurrencies to rebound in sync.

Former U.S. President Trump has recently continued to release crypto-friendly policies, including signing an executive order to establish a national crypto reserve and appointing several pro-crypto officials to key regulatory positions. The market expects that these favorable policies will further alleviate regulatory pressure and provide a more stable growth environment for mainstream cryptocurrencies such as Ethereum.

Ethereum’s anti-drawdown capability is stronger than that of other mainstream coins.

Recently, the liquidation scale of Ethereum has been relatively small, around 243 million USD. Meanwhile, other altcoins such as Solana and XRP have performed even more weakly. This resilience is seen as part of ETH’s investment value. Compared to BTC, Ethereum not only possesses value storage attributes but also has a large DeFi ecosystem and Layer-2 scaling foundation, which makes it favored to have higher growth potential in the next market cycle.

Macroeconomic Data and Washington Crypto Week

The market’s next trend will depend on two major variables: the US CPI data and the upcoming Washington Crypto Week. If inflation continues to ease and is accompanied by more regulatory-friendly signals, it could provide additional momentum for ETH, helping it advance towards the 10,000 USD mark.

In addition, analysts have pointed out that if ETH can stabilize and build a bottom in the 3,000-3,200 USD range, the next step will have the opportunity to test 4,000 USD, and then gradually advance towards 5,800 USD, 7,500 USD, and 10,000 USD.

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Summary

Despite facing macroeconomic uncertainties and short-term volatility risks, from a technical and funding perspective, ETH has clearly entered a new upward channel. If ETF funds and favorable policies continue to drive it, challenging 10,000 USD for Ethereum is no longer just a fantasy, but a long-term achievable goal.