Ethereum Could Hit $20K as Multi-Year BTC Base Completes: Analyst

Some traders dismissed the ambitious forecast, while others argued a five-figure ETH price is far from unrealistic. Pseudonymous trader CrediBULL Crypto is calling for Ethereum (ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500. According to him, Ethereum is finishing a multi-year base against Bitcoin (BTC) and is about to enter its first bull run since 2017. The Charts Behind the $20K Call Responding to a claim by alphatracker that ETH would go to $10K+, CrediBULL simply posted “$20K+,” and shared a link to a video where, instead of presenting the target as speculation, he built his case around long-term chart structures on both the ETH/USD and ETH/BTC pairs. “I’ve always said $10K is the absolute minimum. I think $20K is realistic..,” the analyst said in the video. “I’m not going to say it’s a given… but $20K is super, super reasonable.” He noted that Ethereum has spent years underperforming Bitcoin, leaving market sentiment at levels similar to previous cycle lows. But he argued that the ETH/BTC chart has finally reached what he considers to be a long-term accumulation zone after about four years of decli...