Ethereum's native token, Ether, has recently surged past $2,600, prompting speculation of a potential rally towards $10,000. The rise follows a rebound from significant support levels, mirroring historical setups seen before past major price increases in 2016 and 2020. Analysts observe that Ether's relative strength compared to competitors like Solana (SOL) and XRP suggests a strong bullish trend. The current price pattern indicates Ethereum is reclaiming a key support line after a brief setback, which historically has preceded significant breakouts. As the market shifts from Bitcoin dominance, altcoins, especially Ethereum, might soon see notable price gains. If Ethereum can break above its current consolidation triangle, it could well reach the ambitious $10,000 target, with analysts noting such a trajectory is technically valid. Overall, the momentum suggests that Ethereum is positioned for potential robust growth in the coming months.

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