CandleFocus Ethereum (ETH) $20,000 Surge Still Possible: Head of Macro Research Julien Bittel
2024-09-26
Author: Content Editor
Head of Macro Research, Julien Bittel, has predicted that Ethereum could reach $20,000 based on its current market structure. Bittel's analysis indicates that Ethereum's price action is showing signs of consistent accumulation, which may result in a significant breakout. As long as current support levels hold and the market continues to be supportive of cryptocurrencies, Ethereum has the potential for an upward trajectory. The formation of a golden cross further strengthens the bullish argument for Ethereum. However, for Ethereum to reach the $20,000 target, there needs to be consistent buying pressure, a wider market rebound, and considerations of macroeconomic variables such as interest rate inflation and potential regulation.
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