Hey, folks! Do you think the $4,000 for Ethereum was already a party? 🥳 Well, hold on because an analyst says that’s just the warm-up!
Buckle up because the craze for Ethereum (ETH) is on another level! A popular trader, who goes by the name Merlijn, is shaking up the market with a prediction that seems out of this world: ETH could skyrocket to $20,000! 🤯 And it's not random madness; the guy is relying on a price pattern that has worked for seven years.
According to this analysis, ETH is moving in an upward price channel. The last two times it reached the top of this channel, the price skyrocketed with brutal force. The last time, in 2021, that’s what took us to its all-time high of nearly $4,900. Now, Merlijn says we are about to hit that same line again, and the force could be so great that not only would we reach $20,000, but we could break that ceiling and fly even higher! 🚀
But beware, not everything is rosy. Although ETH has broken the $4,000 barrier and looks very strong, its relationship with Bitcoin (BTC) still has a long way to go. For ETH to reach its all-time high against BTC, it would need to rise 150% from where it is now. 🏃♂️
Another trader, BitBull, is also adding fuel to the fire. He believes that if ETH manages to close the week above $4,100, we could see a new all-time high in just one or two weeks. So, the atmosphere is on fire. 🔥
So, are we about to witness a rocket heading straight for the stars, or is it just the excitement of the moment? The truth is that the enthusiasm is real and the numbers are there, but in the world of crypto, anything can happen! 🤷♂️
Will the next time we check the price, Ethereum have no limits?$ETH