Ether (ETH) is projected to surge toward the $20,000 milestone as traders anticipate a decisive breakout from its long-term price pattern, fueled by bullish market sentiment. Analysts suggest this could mark Ether’s first escape from its historical rising channel, though reclaiming its peak valuation against Bitcoin faces substantial hurdles.
Technical analysis indicates Ether has maintained a rising channel trajectory with only two prior major touches, the most recent coinciding with its all-time USD high of $4,875 in November 2021. Current price action suggests a potential breach of this structure. Historic patterns imply such a breakout may propel ETH toward unprecedented territory.
Notably, Ether must surge 150% against Bitcoin to revisit its peak BTC valuation of 0.0883, last achieved weeks after its USD record in late 2021. This highlights comparative underperformance despite dollar-denominated strength.
Market observers identify $4,100 as a critical threshold, suggesting a robust weekly close above this level could trigger price discovery within two weeks. The optimism follows recent institutional accumulation and short-squeeze dynamics contributing to Ether’s upward momentum.