A macro researcher argues that Ethereum could reach $20,000 within the next four months, given the market’s ongoing bullish trend.
Ethereum has been building on its recent momentum, closing the week with a 4% increase as buyers pushed the price above $2,600. This price movement indicates renewed investor interest, setting the next target at $2,800, which is expected to serve as a key resistance point.
The recent weeks of September have marked a turning point for Ethereum as it attempts to escape the prolonged downtrend that began in March. This has reignited optimism among market participants.
Potential Upward Trajectory
This renewed bullish trend has created optimism in the market, and Ethereum’s price trajectory suggests a continued upward path. Julien Bittel, Head of Macro Research at Global Macro Investor, noted that Ethereum’s current trend mirrors its patterns from 2023, indicating that further price gains could be on…
