Deep Tide TechFlow News, on August 10, according to Cointelegraph, market sentiment has risen again after ETH broke the $4,000 mark for the first time since the end of 2024. Analyst Merlijn stated that the price rise channel for ETH has been opened, with the current highest target price possibly set at $20,000. Additionally, trader BitBull pointed out that due to massive short squeezes and institutional buying, it may be easier for the ETH price to reach new historical highs. If the weekly closing price is above the $4,100 range, a new historical high could appear within 1-2 weeks.