Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analyst: ETH price upward channel has opened and may hit a record high within 1-2 weeks

Analyst: ETH price upward channel has opened and may hit a record high within 1-2 weeks

CointimeCointime2025/08/10 03:35
By:Cointime

ETH broke through the $4,000 mark for the first time since the end of 2024, and market sentiment rose again. Analyst Merlijn said that the upward channel of ETH's price has opened, and the current highest target price may be set at $20,000. In addition, trader BitBull pointed out that it may be easier for ETH's price to reach new historical highs, driven by large-scale short squeezes and institutional buying pressure. If the weekly closing price is above the $4,100 range, new historical highs may appear within 1-2 weeks. It is reported that ETH's previous high was around $4,875, set in November 2021.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!