Ethereum 'Netflix Moment' Predicts $10K Price by 2029 Amid Crypto Market Uptrend

Crypto analyst Ted Pillows believes Ethereum (ETH) is having its 'Netflix moment', calling for a price of $10,000 by 2029. Pillows made this prediction after superimposing Ethereum's monthly chart on Netflix's 2003-2011 run and placing Ethereum at the corresponding breakout point. This move is similar to Netflix breaking above a multi-year range and reclaiming its rising trendline.

Michaël Van de Poppe, Founder and CIO of MNFund, agrees that Ethereum has made its sweep and quickly recovered, putting it on pace with Bitcoin (BTC). He suggests that another run at the highs is imminent. If the lows are swept again, he plans to enter at $2,200.

Van de Poppe also commented on altcoins, saying they 'haven't seen any moves at all' with SOL/BTC barely starting an uptrend after Solana broke its 21-day moving average and flipped a level. Bitcoin's price is up by 0.3%, trading at $77,285 during the past 24 hours.