Ethereum Bull Run Targets $20K

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Some traders dismissed the ambitious forecast, while others argued a five-figure ETH price is far from unrealistic.

Pseudonymous trader CrediBULL Crypto is calling for Ethereum (ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500.

According to him, Ethereum is finishing a multi-year base against Bitcoin (BTC) and is about to enter its first bull run since 2017.

The Charts Behind the $20K Call
Responding to a claim by alphatracker that ETH would go to $10K+, CrediBULL simply posted “$20K+,” and shared a link to a video where, instead of presenting the target as speculation, he built his case around long-term chart structures on both the ETH/USD and ETH/BTC pairs.

“I’ve always said $10K is the absolute minimum. I think $20K is realistic..,” the analyst said in the video. “I’m not going to say it’s a given… but $20K is super, super reasonable.”

He noted that Ethereum has spent years underperforming Bitcoin, leaving market sentiment at levels similar to previous cycle lows. But he argued that the ETH/BTC chart has finally reached what he considers to be a long-term accumulation zone after about four years of decline, and from there, he expects the world’s second-largest cryptocurrency to build a base before beginning what he described as the next impulsive move higher.

His next thesis tracked the ETH/USD chart itself, with the trader saying that Ethereum has completed the first leg of a larger five-wave structure and is now holding above an invalidation level near $1,385.

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