🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Ethereum to $10K 'can't be ruled out' as ETH price makes sharp gains vs. SOL, XRP
Key takeaways:
Ether (ETH), Ethereum’s native token, has soared over 44% in just three days to surpass $2,600 on May 11, fueling fresh speculation of a run toward $10,000 in the coming months.
A mix of fractal setups as well as Ether’s potential to outperform its top-ranking rivals, Bitcoin (BTC), Solana (SOL), and XRP (XRP), are serving as some catalysts behind the five-figure price prediction.
ETH's “up band” target is around $10,000
Ether’s long-term price action continues to follow a parabolic curve that has defined its major market cycles since 2015.
As of May 2025, ETH has rebounded from the curve’s lower boundary near $2,100 — a historically significant support zone that has previously triggered major rallies.
Supporting this view, analyst MilkyBull Crypto highlights a similar setup on Ethereum’s monthly chart, noting that ETH’s rally to $10,000 “can’t be ruled out technically.”
ETH looks set to outperform top crypto rivals
The bullish outlook for Ethereum is gaining traction as analysts anticipate an altcoin season in the coming months.
Chartist Mister Crypto, for instance, argues that altcoins like ETH may rally 40% in a single day amid capital rotation from Bitcoin.
Additionally, Ethereum’s top blockchain rival, Solana, is painting a rising wedge pattern against Ether, furthering its potential to decline in the coming weeks.
Related: Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum
Ether symmetrical triangle hints at above $10,000
As of May, Ether is reclaiming the lower trendline of its multi-year symmetrical triangle after a brief breakdown in March, while bouncing off its 200-2W exponential moving average (200-2W EMA; the blue wave) support.
ETH’s rebound confirms a bullish rejection, validating the ongoing consolidation structure.
A breakout above the current triangle consolidation could follow a similar trajectory, increasing the probability of ETH reaching the $10,000 mark — and even $20,000 if the breakout pans out per the rules of technical analysis.