Ethereum Poised for Parabolic Rally: Analyst Sees Parallels to 2020 Bitcoin Bull Market

Ethereum’s price is set to surge in a parabolic fashion, according to analyst Ash Crypto, who draws parallels to Bitcoin’s 2020 bull run. The altcoin has seen similar technical setups on its chart, mirroring the BTC price surge from around $10,000 to its peak of $35,000 during that period. This bullish trend is expected to continue as Ethereum breaks through key resistance levels before eventually reaching new all-time highs, surpassing the $5,000 mark. The analyst believes a parabolic run could double or even triple the price from its current level, creating significant market volatility.