Analyst: The ETH price rise channel has been opened, and it may reach a new all-time high in 1-2 weeks
2025-08-10 03:21:14
After ETH broke through the $4,000 mark for the first time since the end of 2024, market sentiment rose again. Analyst Merlijn said that the price upward channel of ETH has been opened, and the current maximum target price may be set at $20,000. In addition, trader BitBull pointed out that due to the large-scale short squeeze and institutional buying, ETH price hitting a new all-time high may be easier to achieve. If the weekly closing price is above the $4,100 range, a new all-time high may appear in 1-2 weeks. It is reported that ETH's previous high was around $4,875, which was set in November 2021.
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