ETH to $20K in 1–2 Weeks? Traders Say a Historic Breakout Could Be Imminent

A popular trader, Merlijn, argues Ether is riding a long-running rising price channel that could launch ETH toward a $20,000 USD target if the channel’s ceiling is tested and then broken—momentum indicators look “coiled” for a big move.

Ether recently reclaimed the $4,000 area (touching about $4,249 on Bitstamp), fueling fresh bullish conviction and a short-squeeze that helped squeeze out weak longs.

Analyst BitBull says a strong weekly close above ~$4.1K is the key confirmation—if that happens, a new all-time high could follow within 1–2 weeks.

Against Bitcoin, however, Ether still has ground to cover: ETH/BTC needs roughly 150% upside to match its 2021 peak in BTC terms, so outperformance vs. BTC is not guaranteed.

Bottom line: technicals and trader commentary point to a high-momentum setup, but confirmation (weekly close, volume, and follow-through) is essential—without it the move could fail and produce a sharp pullback.

Quick take / trade thought

This is a classic “all-or-nothing” setup: if ETH clears key resistance on strong volume and holds it into the weekly close, momentum traders will pile in and a rapid run higher becomes plausible. If it doesn’t, expect a volatile shake-out. Manage risk tightly.

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Source: Cointelegraph