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Ethereum (ETH), the second most popular cryptocurrency after Bitcoin, is capturing attention with its recent structural changes in the market. Analysts forecast that Ethereum could retest its all-time high (ATH) of $4,878, achieved in 2021, with a potential 24% increase from its current price.
Ethereum Nears Critical Price Movement
Leading crypto analysts suggest ETH could see a significant price movement in the coming week. Ryan Adams, host of the Bankless podcast, stated:
“Ethereum could reach its ATH within weeks.”
Currently trading at approximately $3,946, Ethereum has recorded an impressive 66.7% increase over the past year, positioning itself for further growth.
Poseidon, another prominent analyst, highlighted Ethereum’s potential to break out of its 4-year price range. He remarked:
“ETH is on the verge of surpassing even investors’ worst fears, reaching unprecedented price levels.”
ETH to Outperform Bitcoin in the Next 12 Months?
Benjamin Cowen, founder of Into The Cryptoverse, noted that the ETH/BTC ratio could end its underperformance phase. He predicts ETH may outperform Bitcoin over the next 6-12 months, signaling a shift in market dynamics.
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