PANews, August 10 news, according to Cointelegraph, market sentiment has risen again after ETH broke through the $4,000 mark for the first time since the end of 2024. Analyst Merlijn stated that the price upward channel for ETH has been opened, and the current highest target price may be set at $20,000. In addition, trader BitBull pointed out that driven by large-scale short squeezes and institutional buying, it may be easier for the ETH price to reach a new historical high. If the weekly closing price is above the $4,100 range, a new historical high may appear within 1-2 weeks.
