Ethereum Analyst Predicts Potential Price Surge to $20,000

Ethereum (ETH) is experiencing a notable price rally this week, pushing past its recent low volatility period and indicating a potential for substantial gains in the future. Some analysts predict that the second-largest cryptocurrency may be undervalued at current prices. Market analyst Gert van Lagen highlighted a clear inverse head and shoulders pattern on Ethereum’s two-week chart as evidence of an impending trend reversal. He projects a potential upside target of $19,500, representing a new all-time high for ETH and exceeding its current value by five times.