‍Ether Targets $20,000 Amid Bullish Technical Indicators

Ether (ETH) is showing strong upward momentum, surpassing $4,000 for the first time since late 2024. Popular trader analysis suggests a new price target of $20,000, driven by ETH's movement within a seven-year rising price channel.

Historically, ETH has touched the upper boundary of this channel twice, with the last instance coinciding with its November 2021 all-time high. A third touch could lead to $20,000, with speculation of breaking the channel entirely for an even more significant rally. Technical indicators like "momentum coiling" and a "reset RSI" suggest readiness for a surge, fueled by a "massive short squeeze and institutional buying."

Despite its strength against the USD, ETH needs a 150% gain against Bitcoin (BTC) to reclaim its 2021 all-time high against the BTC pair. This period is crucial for Ether as it balances ambitious USD targets with regaining dominance against Bitcoin.

https://cryptovka.ru/en/news/3595/ether-s-20-000-horizon-is-eth-poised-for-a-historic-breakout