The Hidden FVG Zone That Says Ethereum Price Could Rally To $10,000

Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500.

The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000.

The FVG Zone Now Acting As A Magnet

Technical analysis done by crypto analyst Crypto Patel laid out a path to where the Ethereum price goes from here. However, the most important part of the analysis is a Fair Value Gap (FVG) zone that could trigger the next alt season. This FVG, which is between $2,475 and $2,634, was formed during Ethereum’s breakdown earlier in the year, leaving behind an imbalance that price has yet to revisit.

In technical analysis, these inefficiencies and gaps tend to act as magnets, especially when price begins to recover with momentum. The expectation is that Ethereum will attempt to fill this zone before any major rejection.

Ethereum’s recent reclaim above $2,300 and push to as high as $2,415 places it within striking distance of the FVG, and there’s now a high probability that it could fill it to reach as high as $2,634 in the coming days.

Ethereum Price Chart. Source: @CryptoPatel On X

The Road To $10,000

The entire bullish argument rests on the strength of the $1,750 support zone. This level held during the recent selloff and formed the base for the current recovery. Ethereum is now looking like it’s slowly turning bullish, and the in three distinct layers. The first is reclaiming the FVG.