On August 25, Ethereum (ETH) was priced at approximately $4,715, showing an impressive rebound since hitting a low of $4,100 earlier this month. Technical analysis and on-chain data indicate that ETH is in a healthy rising channel, with strong bullish confidence in the market. With institutional funds flowing in, whales increasing their holdings, and continued demand for ETFs, analysts believe Ethereum is likely to challenge $20,000 during this cycle.
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On August 25, Ethereum (ETH) was priced at approximately $4,715, showing an impressive rebound since hitting a low of $4,100 earlier this month. Technical analysis and on-chain data indicate that ETH is in a healthy rising channel, with strong bullish confidence in the market. With institutional funds flowing in, whales increasing their holdings, and continued demand for ETFs, analysts believe Ethereum is likely to challenge $20,000 during this cycle.