ETH breaks through $4000, analysts predict it could reach as high as $20,000

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[Chain News] On August 10, news emerged that after ETH broke through the $4,000 mark for the first time since the end of 2024, market sentiment has risen again. Analyst Merlijn stated that the price rise channel for ETH has opened, and the current highest target price may be set at $20,000. Additionally, trader BitBull pointed out that driven by massive short position squeezes and institutional buying, it could be easier for ETH's price to reach new historical highs. If the weekly Closing Price is above the $4,100 range, a new historical high could appear within 1-2 weeks. It is reported that ETH's previous high was about $4,875, reached in November 2021.

ETH2.72%
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GateUser-e87b21eevip
· 22h ago
Bull skin, how many times to dry?
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StakeHouseDirectorvip
· 08-11 21:13
Twenty thousand dollars, are you kidding me?
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GasFeeDodgervip
· 08-10 17:13
How are you doing with short positions?
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RetiredMinervip
· 08-10 09:36
After mining, there is nothing left.
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RugPullSurvivorvip
· 08-10 09:35
Isn't it another case of being played for suckers? It looks scary.
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Layer3Dreamervip
· 08-10 09:32
theoretically speaking, if we apply recursive zk proofs to eth's L3 scaling... *mind explodes*
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GlueGuyvip
· 08-10 09:16
Bull, oh bull! Some have done it.
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