Ether (ETH) is displaying promising “structural changes,” leading many analysts to predict a retest of its all-time high (ATH) of $4,878, achieved in November 2021. Bankless podcast host Ryan Adams suggested in a Dec. 9 X post that a new ATH could happen within a week. To reach this milestone, Ether would need a 24% gain from its current price of $3,946, as per CoinMarketCap.
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.