Ether (ETH) regained the $4,300 price range on Wednesday, boosted by a hefty Spot market trading volume, exceeding $41,533,604,786 as of press time. This signifies a jumpstart to ‘Uptober’, a historically bullish season for both Bitcoin (BTC) & top-tier altcoins, but the bull run could be backed by more than just historical data.
Ethereum’s Foray To $10K Price Back In Play?
With the United States Treasury easing taxes on unrealized Bitcoin (BTC) gains, the flagship crypto asset went ballistic to reclaim $116K, coming back to mid September’s price range. On top of that, the United States government temporarily shut down last night, putting crypto currencies in the role of a strong hedge against the weakened dollar.
ETH, the largest altcoin, needs to keep above the $4.3K resistance level to have a swing at a new all-time high, as there’s still a 13% distance to cover. While the $5K target is everyone’s talking about, seasoned crypto analyst Merlijn forecasts Ethereum’s (ETH) price to climb up the ladder to $6.K, $8K & eventually, the ultimate $10K target.
“Ignore the fear. Five-digit Ethereum is inevitable.”, – declared the Dutch trader to his 395.5K followers on X, while attending this year’s Token2049 crypto summit in Singapore. With the $4K bullish retest deemed successful, the experienced crypto connoisseur projects the $10K breakout for around 2027, while $6.5K is plausible for mid 2026.
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Veteran traders like Merlijn see ETH climbing the ladder to $10,000, with a recent $4,000 breakout in 2025 pointing to $6,500, $8,000, $10,000 and beyond in the coming years.
New U.S. Ethereum ETFs (July 2025), a 3.5% staking yield, the Dencun upgrade (late 2025) cutting costs by 90%, and eased taxes on unrealized BTC gains are fueling the surge.
ETH rose from $1,440 in 2018 to $4,800 in 2021, and now $4,000 in 2025—each step builds momentum, boosted by past cycles and bullish policies.
A looming U.S. government shutdown (77% chance by Dec 2025) and eased taxes on unrealized BTC gains make crypto a hedge against a weakening dollar, boosting ETH’s appeal.
It’s tempting with $10K in sight, but crypto’s risky—research trends, monitor United States governmental shutdown news, and only invest what you can afford to lose!