Analyst Pillows believes that Ethereum (ETH) may be poised for significant gains based on a long-term pattern.
Pillows highlighted Ethereum's historical ascending channel patterns that led to explosive gains in previous cycles, projecting a potential sixfold increase that could push ETH above $10,000.
The forecast takes into account Ethereum's growing maturity, market cap, and institutional interest, factors that could support steady growth despite price volatility.
Although ETH faces key resistance levels, including $2,600, analysts suggest a breakout could set the stage for ETH to reach $4,000, with technical confirmation pending.