Ether Eyes $20K, All-Time High Possible Within Two Weeks

Breaks $4K, Analysts See Path to Ether Eyes $20K

Ethereum’s native token Ether (ETH) has surged past $4,000 for the first time since late 2024, sparking bullish forecasts that it could hit $20,000. Traders now see the potential for a new all-time high (ATH) within the next one to two weeks.

Popular trader Merlijn believes ETH/USD is repeating a rare pattern that previously triggered a 375% rally. His analysis shows Ether moving within a price channel that has persisted for seven years — one that has only touched its upper boundary twice, including the November 2021 ATH of $4,875.

Trader Projects Ether Eyes $20K Breakout

On Saturday, Ether reached $4,249 on Bitstamp. Sharing his chart on X, Merlijn stated, “Seven years forming, two touches. One breakout changes everything. ETH is still in the channel that drove it from $100 to $4,000.”

He predicts that a third touch of the channel’s upper boundary could push ETH toward $20,000 — and potentially beyond.

“Momentum is building, RSI is reset, and the engine is ready to fire. The next target? Straight to the top of the channel and beyond,” he said.

ETH Must Outperform Bitcoin by 150%

While ETH/BTC has climbed over 15% in the past week, it still hovers near its opening levels for 2025. Data from Cointelegraph Markets Pro and TradingView shows Ether would need to gain about 150% to match the 0.0883 BTC peak from early 2022.

Trader BitBull sees strong potential for ETH to break its USD record soon. “Today ETH broke $4.1K due to a massive short squeeze and institutional buying,” he wrote on X. “Next, ETH needs a strong weekly close above this level. If that happens, a new ATH could arrive within 1–2 weeks.”

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