Ether Could Retest Its All-Time High in Seven Days, Say Analysts
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ETF Flows Drive Bullish Sentiment
Pseudonymous trader Pentoshi pointed out that Ether has recorded its “highest weekly close of the year,” driven by the beginning of consistent ETF flows. In his Dec. 9 X post to 830,900 followers, Pentoshi noted that the current price levels face minimal resistance, saying, “Above [ATH] is clear skies.”
Poseidon, another crypto trader, echoed these bullish sentiments, emphasizing the breakout potential. “ETH is about to break out of its 4-year, 1,460-day range to the upside,” he said, hinting at gains beyond market expectations.
Ether Surpasses $4K for the First Time in Nine Months
This optimism follows Ether’s recent surge past the $4,000 mark for the first time since March 2024. Analysts believe this could mark the end of Ether’s underperformance against Bitcoin, as its momentum builds.
With structural shifts and institutional ETF flows, market participants are closely watching ETH’s trajectory, anticipating a significant move in the coming days. If realized, this could reinforce Ether’s position as a leading crypto asset amid growing market confidence.