According to Miles Deutscher, the current market debate centers on whether ETH can reach $10,000 this cycle and potentially exceed that level, referencing a view by an analyst named Lee. source: Miles Deutscher on X, Aug 12, 2025 He states he will outline a simple framework to evaluate ETH price targets for this cycle, indicating $10k as a key psychological benchmark under scrutiny. source: Miles Deutscher on X, Aug 12, 2025

According to the source, ETH broke above $4,000 and the source states it is okay to take profits at this level. According to the source, this frames $4,000 as a key psychological level that traders can use for near-term trade management. According to the source, the message is cautionary for momentum longs and may prompt short-term profit-taking in spot and derivatives.