Ethereum is poised for a potential rally to $10,000 as it forms an expanding diagonal pattern, according to analysts. Institutional interest and robust on-chain activities are bolstering Ethereum's market position. Gert Van Lagen highlights that Ethereum is nearing the completion of a five-wave cycle, suggesting a breakout rally could follow a pullback to retest the breakout zone, potentially leading to a surge forming subwave 'c'.