Ethereum Could Hit $20K as Analyst Sees Rotation into Higher-Risk Assets

Ethereum (ETH) could reach $20,000 in the next few years according to Credible Crypto. The analyst's premise for this thesis lies in ETH's trading range of five years and its weak relative performance vis-à-vis Bitcoin (BTC). He also considers a potential rotation into higher-risk assets.

The analyst points out that ETH has been trading in a range of around $1,500 to $5,000 for about five years now. While BTC is trading above the 2021 high, Ethereum is lagging behind, and according to Credible Crypto, the ETH/BTC ratio has reached such levels that it can allow ETH to catch up with BTC.

The analyst's basic target is $10,000, which would be achieved if ETH doubles its previous range high near $5,000. However, he also considers a larger range expansion that could push ETH toward $8,000 and $9,000 before other factors are considered.