Bitget CEO believes ETH can hit a new high in 2024

A crypto analyst known as Wolf demonstrated how, since November 2021, a triangle consolidation had been shaping up on the ETH chart. The expert suggested that the Ethereum price was heading for $20,000. However, Wolf also clarified that his post should not be considered an accurate prediction.

Bitget CEO Gracy Chen is confident that ETH will reach a new all-time high before the year ends. According to Chen, the crypto coin’s price rally will be driven by Ethereum being the leading smart contract blockchain with the potential for an influx of funds as BTC momentum cools.

“[Ethereum] is still the most-used smart contract protocol by volume, with targeted upgrades enhancing its utility,” the Bitget CEO noted.

Ether’s record high of $4,878 was set in late fall 2021. According to Coinmarketcap data from November 2025, Ethereum is trading at around $3,480.

ITC Crypto’s Benjamin Cowen claims that ETH has yet again performed positive quarterly returns against Bitcoin in the first half of the post-Bitcoin halving year. Gracy Chen expects Ether to immediately react to possible BTC retracement after the main cryptocurrency breaks $100,000. According to Chen, the market is already oversold, but a ‘healthy’ correction like this will be brief.