Ethereum Price Prediction: Could the Privacy Coin Narrative Boost ETH?

As the native blockchain of potential privacy solutions bridging Web 2 to Web3, fresh demand stands to aid Ethereum in filling out the final shoulder of a potential bullish head-and-shoulders pattern.

And with supportive momentum indicators and a decisive bounce from a historical demand zone around $2,750, it may have just hit its bottom.

The RSI has made a sharp bounce from the 30 oversold threshold after months of steady decline, while the MACD approaches a golden cross, readings that have historically marked local bottoms for the Ethereum price.
A fully realised pattern breakout could see the neckline reclaimed around $5,500, reclaiming past all-time highs and entering new price discovery in a 90% move.

But as the bull market matures, if Ethereum finds a bigger part to play in the transition from Web2 to Web3, the move could extend 250% to $10,000.