Ether price excitement rises with a new target of $20,000, as traders anticipate potential all-time highs within the next two weeks. Popular trader Merlijn reports that ETH is following a rising price channel, with the latest rally pushing it to $4,249. This trajectory suggests a possible gain of 375% if it breaks the channel ceiling, only previously tapped twice before. Despite bullish sentiments, Ether needs to gain 150% against Bitcoin to match its 2021 peak value in BTC terms. With a recent surge led by significant institutional buying, traders believe a strong weekly close above current levels could signal a new all-time high. However, ongoing efforts are needed in the ETH/BTC market segment to recover lost ground.

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