Analyst: ETH Price Enters Upward Channel, May Reach All-Time High Within 1-2 Weeks
According to Jinse Finance, after ETH surpassed the $4,000 mark for the first time since the end of 2024, market sentiment has surged again. Analyst Merlijn stated that ETH's upward price channel has been activated, with the current highest target price possibly set at $20,000. In addition, trader BitBull pointed out that driven by a large-scale short squeeze and institutional buying, it may be easier for ETH to reach a new all-time high. If the weekly closing price remains above the $4,100 range, a new all-time high could be achieved within 1-2 weeks. It is reported that ETH's previous high was around $4,875, set in November 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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