Ethereum is back in the spotlight and making serious waves, pushing past \$4,000 for the first time since late 2024. A top trader is now calling for a potential all-time high of \$20,000—a near 375% upside from current levels.

What’s behind this bold prediction? A rare, seven-year rising price channel that has only been touched twice before, with the last peak at \$4,875 in November 2021. The charts are showing clear signs of momentum building, like a spring coiling up, ready to snap higher.

However, there’s still work to be done against Bitcoin. While ETH/USD is shining, ETH/BTC still needs a massive 150% gain to reach its 2021 highs. But with institutional buying and a massive short squeeze in play, the path to \$20,000 is looking more possible by the day.

The key level to watch is \$4,100. If ETH can hold above this and close strong on the weekly chart, the stage is set for a fresh all-time high—perhaps within the next 1-2 weeks.

The countdown is on, and Ethereum’s next breakout could be one for the history books. Stay tuned and keep your eyes on the charts.

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