According to a report by Cointelegraph on August 9, trading analyst Merlijn pointed out that Ethereum is currently operating in a continuous rise channel that has lasted for 7 years, which previously drove ETH from $100 to $4,000. If the previous trend continues, the ETH price is expected to reach $20,000.



Currently, the ETH to BTC exchange rate still needs to rise by 150% to reach the historical high of 0.0883 set in 2021. Some traders expect that if ETH can stabilize above $4,100 this week, it may reach a new high within 1-2 weeks.
ETH-0.29%
BTC1.78%
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