TechFlow news, August 10 — According to Cointelegraph, market sentiment has risen again after ETH broke above the $4,000 mark for the first time since the end of 2024. Analyst Merlijn stated that ETH's upward price channel has opened, with a potential high target price possibly set at $20,000. Additionally, trader BitBull noted that driven by a massive short squeeze and institutional buying, reaching a new all-time high may become easier for ETH. If weekly closing prices remain above the $4,100 range, a new record high could emerge within 1–2 weeks.
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