And with the broader cryptocurrency market cap now barreling toward $3 trillion, the bulls are clearly in control.
Popular technical analyst Adrian Zduńczyk, who is known as Crypto Birb on Twitter, never gave up on the bull market.
Crypto Birb believes Ethereum has more runway for gains and recently attached a super bullish $20,000 price target on the second-biggest cryptocurrency.
Ethereum is in the midst of transitioning to Eth 2.0, which is designed to bolster the scalability of the network and lead to lower fees, all of which are catalysts for further potential gains.
On-chain analyst Matthew Hyland also predicts that Ethereum’s bull run is far from over.