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The post <a href="https://coinpedia.org/price-analysis/after-bitcoin-heres-when-ethereum-eth-price-may-begin-with-a-bull-run-to-hit-10000/" rel="noopener noreferrer nofollow">After Bitcoin, Here’s When Ethereum (ETH) Price May Begin With a Bull Run to Hit $10,000</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Why is the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">Ethereum price</a> not trading at $4000 while Bitcoin managed to hit highs close to its ATH? This is the major concern that has created a huge buzz in the crypto space as the ETH price continues with its low-pace rally. The volatility appears to have dropped to a large extent, due to which the price is not receiving the required boost, although the rally remains under bullish influence.&nbsp;
Now the question arises: when will the ETH price initiate a strong rally and form a new ATH above $5000?&nbsp;
The weekly chart of ETH against BTC displays a heavy accumulation, which has intensified in the last six months. The price has been trading with lower support since the beginning of Q4 2023, while the second-largest token gained some strength against USD. Now that BTC dominance is soaring, the crypto is showing extreme strength against Ethereum, which has hindered the progress of the rally.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/bcwakTSh_t3GeES7V2CVQ8KqO-ivuteShkFFIK4AxAcPzRaRWzowwjtx4RlHbY0OtA7gT9P49rJmvw-9chenTbEEgwW1EO6ofUNmQ-NyIeTjasnGwME7F8JQ2LdSHxUHvO-LPFbqBK0-tScOX23OMII" alt="">
</figure>
However, the RSI is incremental, which suggests the pair could maintain a healthy consolidation for a while, followed by a bullish breakout. The ETH price is trading just 25% below its ATH, which suggests the bullish upswing may elevate the price soon after the ETH/BTC breaks out of the multi-year decisive symmetric triangle.&nbsp;
This may happen after a brief retracement following the Bitcoin halving event, where the Ethereum (ETH) price and all the other altcoins are expected to thrive. Hence, a popular analyst, anonymously known as <a href="https://twitter.com/IamCryptoWolf/status/1764908272216076312" target="_blank" rel="noopener noreferrer nofollow">Wolf</a>, believes the highs of the ETH bull run could be somewhere between $10,000 and $15,000.&nbsp;

After Bitcoin, Here’s When Ethereum (ETH) Price May Begin With a Bull Run to Hit $10,000

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