Key points:
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Ether is on the right track to reach $ 20,000 because a lifetime price channel remains relevant, explains a popular merchant.
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ETH can even break beyond the chain for the first time in history.
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Against Bitcoin, Ether Bulls still has a lot of work to do to match the heights of all time from 2021.
Ether (ETH) has a new objective of $ 20,000, because hyper-bullin price forecasts join the thrust at the seven months.
A new X analysis of the popular merlijn merchant sees ETH / USD repeat a rare graphic movement, which could produce another gain of 375%.
Eth Price Channel opens the road to $ 20,000 – Trader
Ether excites traders again because it crosses the $ 4,000 mark for the first time since the end of 2024.
To reach $ 4,249 on Bitstamp on Saturday, the largest Altcoin by market capitalization now has a new high price goal to match the current mood.
By downloading a graphic on X, Merlijn highlighted the price acting inside an increased channel, which he only hit twice.
The latest tap on the higher trend line marked the latest $ 4,875 summit of Ether of 4,875, which he put in November 2021.
“7 years in preparation. 2 keys,” he said.
“An escape that changes everything. $ ETH sets up the same channel which launched it from $ 100 to $ 4,000. ”
Audio comments gave an ETH price goal for the third touch on the trend line greater than $ 20,000. The price, however, could continue beyond this border for the first time in history.
“The momentum is rolled up. RSI is reset. The ignition sequence is armed. Next stop? Directly at the top of the canal and beyond,” added Merlijn.
Ether needs 150% gains against bitcoin
Against Bitcoin (BTC), Ether still has a lot of land to recover.
In relation: Bitcoin Energy Value Metric says that the BTC price is up to $ 167,000
ETH / BTC, up more than 15% in last week, still oscillates around its annual open level.
One month after its USD record at the end of 2021, Ether put its current peak in terms of BTC at 0.0883. Reaching this level again currently requires 150% increase, Cointelegraph Markets Pro and TradingView data confirm.
New summits of all time could be more feasible, the popular Bitbull merchant seeing the potential of the discovery of ETH prices to return to the fortnight.
“It broke out above $ 4.1,000 today, led by short pressure and massive institutional purchases,” said part of an X post on Saturday.
“But what is the next step? $ ETH needs a weekly closing farm above this level now. If that happens, a new ATH will occur in 1-2 weeks.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
