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Head of Macro Research Julien Bittel predicts that an Ethereum surge is still possible, and the asset can hit the $20,000 price mark. Bittel says that Ethereum’s current market structure resembles previous patterns seen in 2023, and following these patterns could result in a similar rally. Ethereum’s price action is exhibiting signs of consistent accumulation, according to data from TradingView. This accumulation is a positive sign, as mass accumulation is often the predecessor of a significant breakout. According to Bittel’s forecast, prices will rise parabolically and resume their historical pattern from last year. ETH is currently trading at $2,638.96 at press time, up 6% in the past week. However, $3,000 has served as the ultimate resistance level for the asset. The cryptocurrency market has benefitted from bullish momentum due to the growing adoption of crypto. Bitcoin is on the rise right now thanks to the resurgence of crypto ETFs, as well as crypto being a top...