Ethereum Eyes $20,000 All-Time High Incoming?
💥 $ETH is back in the spotlight, pushing past $4,000 for the first time since late 2024. A top trader spots a rare, seven-year rising price channel that could send ETH soaring to $20,000, an almost 375% upside from current levels.
This channel has only been touched twice before, with the last peak at $4,875 back in November 2021. Now, the charts show momentum coiling like a spring, ready to explode past previous records.
But ETH bulls have work to do against Bitcoin. While ETH/USD shines, ETH / $BTC still needs a massive 150% gain to match its 2021 highs.
📈 Institutional buying and a massive short squeeze are fueling this run. If ETH can hold above $4,100 with a strong weekly close, a fresh all-time high might just be around the corner, in the next 1-2 weeks.
Bottom line: The countdown is on. Ethereum’s next big breakout could rewrite the crypto landscape again. Keep your eyes on the charts.
