Ether price target now $20K as ETH preps all-time high in '1-2 weeks'
Main Idea
Ether (ETH) is predicted to reach a new all-time high of $20,000, with analysts suggesting this could happen within 1-2 weeks, although ETH/BTC still needs significant growth to match its 2021 peak.
Key Points
1. ETH/USD is following a rare chart pattern that could lead to a 375% gain, potentially reaching $20,000.
2. ETH recently hit $4,249 on Bitstamp, approaching its all-time high of $4,875 set in November 2021.
3. ETH/BTC needs a 150% increase to reclaim its 2021 peak of 0.0883 BTC.
4. Analysts predict ETH could achieve a new all-time high in USD terms within 1-2 weeks if it maintains a strong weekly close above $4.1K.
5. The bullish outlook is driven by factors like institutional buying and a short squeeze.
Description
Ether price excitement boils over as giant targets combine with a countdown to new all-time highs — but ETH/BTC still has a long way to go.
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