Ethereum (ETH) Price Could Still Rise to a Staggering $20,000 in the Foreseeable Future: Expert

The price of Ethereum's native token, Ether (ETH), has struggled to gain upside momentum since the beginning of 2024.

Ethereum (ETH) price analysis reveals copycat behavior from 2023, with the crypto showing signs of continuing accumulation. If history repeats, ETH could be set for a bull market.

Fresh analysis from the head of macro research at Global Macro Investor is predicting that Ether (ETH) could still hit a staggering $20,000 in the foreseeable future.

Julien Bittel has highlighted copycat behavior from 2023 when it comes to Ethereum price recovery. According to Global Macro’s analysis, the crypto is showing patterns that mirror the conditions preceding its price rally last year and could deliver bull market-style returns in the process.

An illustrative chart uploaded to X by Bittel indicates that Ether's price action is displaying signs of continuing accumulation, which may be the beginning of a mega pump.

“ETH is still looking a lot like a 2023 redux,” his accompanying commentary noted.

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