The Ethereum$ETH chart has formed a triangle figure since November 2021. A probable price breakout from this consolidation zone is aimed at $20,000, according to analyst Wolf.
However, the expert urged to treat his forecast with a grain of salt.
Bitget CEO Gracie Chen expressed confidence in an interview with Cointelegraph that the second-largest cryptocurrency by capitalization will update its ATH before the end of the year.
In her opinion, this will be facilitated by the dominance of Ethereum as a leading smart contract platform and a possible influx of funds as Bitcoin's growth slows. Over the past 12 months, the asset has risen in price by ~63%, while digital gold has gained more than 164%. The previous record high of $4,878.26 for Ethereum quotes was recorded in November 2021. At the time of writing, the rate is ~$3,404 (CoinGecko).
