Ether’s price is forming “structural changes,” indicating that a big move may be on the horizon. Some crypto commentators say it may retest its all-time high within the next seven days.
Bankless podcast host Ryan Adams<a data-ct-non-breakable="null" href="https://x.com/ryansadams/status/1865965881014059105?s=46" rel="null" target="null" text="null" title="null"> said</a> in a Dec. 9 X post that a new Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) all-time high “could happen” within the next week. Ether’s current all-time high is $4,878, reached in November 2021.
<h2 id="ether-traders-to-closely-watch-seven-day-timeline">Ether traders to closely watch seven-day timeline</h2>
If ETH were to hit a new high in the next seven days, it would need a 24% weekly gain from its current price of $3,946, <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/ethereum/" rel="null" target="null" text="null" title="null">according</a> to CoinMarketCap.
<figure>
 <img alt="Cryptocurrencies, Markets" src="https://s3.cointelegraph.com/uploads/2024-12/0193aa03-62c8-7417-9bbe-887ec648b74a" title="">
 <figcaption style="text-align: center;">
 Ether is up 66.7% over the past 12 months. Source: <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/ethereum/" rel="nofollow noopener" target="_blank" text="null" title="https://coinmarketcap.com/currencies/ethereum/">CoinMarketCap</a>
 </figcaption>
</figure>
Pseudonymous crypto trader Pentoshi said in a Dec. 9 X <a data-ct-non-breakable="null" href="https://x.com/cryptoposeidonn/status/1865864241938346320?s=46" rel="null" target="null" text="null" title="null">post</a> to his 830,900 followers that Ether “is having structural changes as well as the beginning of consistent and large ETF flows.”&nbsp;
Pentoshi highlighted that Ether had its “highest weekly close of the year” and echoed Adams’ sentiment, suggesting a retest of its all-time high could happen sooner than many traders anticipate.
“There is not much resistance from here to ATH, which should act as a magnet. Above that is clear skies,” Pentoshi said.
<figure>
 <img alt="Cryptocurrencies, Markets" src="https://s3.cointelegraph.com/uploads/2024-12/0193aa04-a565-7cbe-9ee6-cdd1719a0dfa" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/Pentosh1/status/1865959355876569194" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/Pentosh1/status/1865959355876569194">Pentoshi</a>
 </figcaption>
</figure>
Pseudonymous crypto trader Poseidon said there may be significant gains that Ether market participants aren’t expecting.
<h2 id="ether-recently-touched-4k-for-the-first-time-in-9-months">Ether recently touched $4K for the first time in 9 months</h2>
“ETH is about to break out of its 4-year, 1,460-day range to the upside. Much higher, far beyond your worst nightmares,” Poseidon said in a Dec. 9 X<a data-ct-non-breakable="null" href="https://x.com/CryptoPoseidonn/status/1865864241938346320" rel="null" target="null" text="null" title="null"> post</a>.
Related:<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-5k-blackrock-eth-etf-holdings-2x-500-m" rel="null" target="null" text="null" title="null"> Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy</a>
It comes only days after Ether broke past the $4,000 price level for the<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-price-returns-4000" rel="null" target="null" text="null" title="null"> first time since March 2024.</a>
Analysts have recently predicted that Ether’s underperformance against Bitcoin may be coming to an end.
“I think the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months,” Into The Cryptoverse founder<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-ether-ratio-strength-eth-price-crypto-analyst" rel="null" target="null" text="null" title="null"> Benjamin Cowen said on Dec. 4</a>.
Magazine:<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/normie-degens-go-all-in-on-sports-fan-crypto-tokens-for-the-rewards/" rel="null" target="null" text="null" title="null"> ‘Normie degens’ go all in on sports fan crypto tokens for the rewards</a>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum’s chart signals to traders that a new high could hit next week

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