Analyst: ETH price target is currently $20000, or set a new high within 1-2 weeks

According to a report by Golden Finance, after ETH broke through the $4000 mark for the first time since the end of 2024, market sentiment has once again risen. Analyst Merlijn stated that the upward channel for ETH prices has opened, and the current highest target price may be set at $20000. In addition, trader BitBull pointed out that driven by large-scale bear pressure and institutional buying, it may be easier to achieve a new historical high for ETH prices. If the weekly closing price is higher than the $4100 range, the new historical high may appear within 1-2 weeks.