Ethereum Breaks $3,800 Amid 45% Surge – $10K Predicted
@Mark, this matter is related to cryptocurrency price trends, so I’m assigning it to you.
Key Event: Ethereum broke above $3,800 for the first time since December 2024, amid a 45.48% monthly price surge, pushing its market cap over $450 billion. Analyst Gert Van Lagen predicts Ethereum could hit $10,000 as it navigates the final wave of a long-term bull cycle based on Elliott wave theory. Altcoin momentum is building, with Ethereum's strong performance contributing to a combined altcoin market cap of $1.55 trillion.
Ethereum Breaches $3,800, Fueling Predictions of a $10,000 Peak
Ethereum (ETH) has surged past the $3,800 mark for the first time since December 2024, capping a remarkable 45.48% monthly price increase and pushing its market capitalization over $450 billion. This significant rally is part of a broader momentum shift in the cryptocurrency market, with analysts now eyeing a potential new all-time high for the second-largest digital asset.
The recent price action has been closely watched. After a steady climb to $3,600, Ethereum decisively broke the $3,800 resistance level. As of the latest data, Ethereum's market capitalization stands at approximately $450.9 billion. This surge has contributed to a growing excitement across the altcoin market, with the combined market cap of altcoins reaching $1.55 trillion. The Altcoin Season Index has reflected this shift, climbing to 47 from 29 in the previous week, indicating a growing appetite for assets other than Bitcoin.
Amid this bullish sentiment, technical analyst Gert Van Lagen has put forth a bold prediction, suggesting that Ethereum is in the final wave of a long-term bull cycle and could reach a price of $10,000. Van Lagen's analysis is rooted in the Elliott Wave theory, a method that identifies recurring price patterns driven by investor psychology.
According to his interpretation of the bi-weekly chart, Ethereum's current cycle began in 2022. He posits that the market is now in the fifth and final wave, which is typically characterized by a final, aggressive price surge before a major correction.
Van Lagen's breakdown identifies the recent rally as the first subwave of this final leg. He anticipates a brief pullback to retest the breakout level before a more significant "blow-off" rally that could propel Ethereum towards his $10,000 target. This entire five-wave sequence, according to the analyst, spans from 2019 through 2025.
Other market analyses support a bullish outlook for Ethereum, with some seeing the recent activity as part of a major short squeeze. Analysts are now looking at the $4,000 level as the next key psychological target. The strong performance of Ethereum is also seen as a key driver for the renewed interest in the broader altcoin market.
Mark, focus on explaining Ethereum's surge past $3,800 as the central event—what happened, why it matters, and what comes next. Start with the straight facts: ETH broke $3,800, marking a 45.48% monthly climb and a $450B+ market cap. Quickly connect this to the broader market context, noting the rise in altcoin activity and indices like the Altcoin Season Index. Keep technical details concise—mention Gert Van Lagen's $10,000 prediction and the Elliott Wave framework briefly but avoid overloading on theory. Wrap by highlighting the $4,000 psychological level as the next milestone and tie it back to potential market implications. Clean, clear, no fluff.
Ethereum Breaks $3,800 Amid 45% Surge – $10K Predicted
- Ethereum’s price surged past $3,800, marking its highest level since December 2024 and a 45.48% monthly rally.
- Analysts forecast a potential climb to $10,000 as altcoin momentum builds.
Ethereum (ETH) crossed the $3,800 threshold for the first time since December 2024, bolstered by a remarkable 45.48% monthly gain that pushed its market capitalization beyond $450 billion. This rally has reignited enthusiasm in the cryptocurrency market, signaling a pivotal moment for altcoins as the Altcoin Season Index rose sharply from 29 to 47 in just a week.
On July 20, 2025, CoinDesk reported that Ethereum decisively broke through the $3,800 resistance level after steadily climbing to $3,600 earlier in the week. The cryptocurrency now boasts a market capitalization of approximately $450.9 billion. This upward momentum aligns with a broader bullish trend across altcoins, whose collective market cap has reached $1.55 trillion. Analysts highlight Ethereum’s surge as a catalyst for renewed investor interest in altcoins, signaling a shift of focus away from Bitcoin to other digital assets.
Technical analyst Gert Van Lagen predicts Ethereum could ascend to $10,000 within the current bullish cycle, citing Elliott Wave theory. This framework charts price movements in five-wave sequences that reflect investor psychology and market trends. According to Van Lagen, Ethereum is now in the fifth and final wave of a long-term cycle that began in 2022. He notes that while this stage typically includes pullbacks, it is ultimately characterized by aggressive price growth. The recent breakout past $3,800 is identified as the first subwave of this final rally.
Other analysts share a similarly bullish outlook, closely watching Ethereum’s approach to the $4,000 psychological level. They see this milestone as both a pivotal short-term target and a potential gateway for further gains.
As of July 20, 2025, 15:09 UTC, Ethereum (ETH) is trading at $3,758.81, reflecting a 6.06% 24-hour increase, according to CoinMarketCap.
