Ethereum (ETH) has been resilient amidst market corrections, trading above $3,300 and showing potential for a significant recovery. Analysts are predicting a possible surge in the first quarter of 2025, with Crypto Rover suggesting that ETH could reach $14,000 by March. Historical trends from previous Bitcoin halving years in 2017 and 2021 show substantial increases in ETH’s value from January to March, indicating a similar path in 2025.
Based on the historical data, it is speculated that ETH could reach $5,000 in January, $6,400 in February, and soar to $14,336 by March. These price increases could not only signify a recovery but also potentially triple Ethereum’s all-time high of $4,878 reached in November 2021. Other altcoins like XRP, Solana (SOL), Binance Coin (BNB), and Dogecoin (DOGE) are also expected to benefit from this market correction and consolidation.
Crypto Rover advises against selling altcoins at the moment, stating that portfolios still have the potential to see a 10x increase in the next three months. Analyst Gabriel Maur highlights key support levels for ETH’s price between $2,800 and $2,900, emphasizing the importance of these levels in maintaining upward momentum. The 55-period Exponential Moving Average (EMA) indicates a bullish trend, and targets of $4,093 and $4,868 (the previous all-time high) have been identified.
As long as ETH remains above these critical support levels on weekly closes, the likelihood of continued upward momentum remains in favor of buyers. Closing above the all-time high could lead to a price discovery phase, with Fibonacci extensions suggesting further potential upside in ETH’s value. Overall, market analysts are optimistic about Ethereum’s future performance and are closely monitoring its price action for potential growth opportunities.
