Ethereum (ETH) To Hit New Peak Of $6000: Here's When
Ethereum (ETH) has struggled to gain momentum lately. The asset failed to generate traction despite the US SEC approving ETH ETFs last year. Bitcoin (BTC), on the other hand, hit a new all-time high after the launch of its ETFs in the US. ETH is down by 1.4% in the daily charts, 5% in the weekly charts, 3.6% in the 14-day charts, and 11% over the previous month. Despite the dip, the asset has maintained some gains in the yearly charts, rallying 37.4% since January 2024. Source: CoinGecko Also Read: Top 3 Cryptocurrencies You Should Watch This Weekend Ethereum To Hit A New All-Time High? Source: Forbes ETH is down by 32.8% from its all-time high of $4,878.26. The asset hit its peak in November 2021. According to prominent cryptocurrency analyst Ali Martinez, ETH follows an ascending parallel channel. The analyst believes the $2800 level could push the asset to $6000, a new all-time high. Hitting $6000 from current price levels will entail a rally of about 82.8%. Also Read: Ethereum Pric...