The crypto market is coming alive again with optimistic forecasts for Ethereum. While Bitcoin recently reached all-time highs, analysts predict that Ether could follow suit and break new records as soon as the first quarter of 2025.
An imminent breakout for Ethereum?
Ethereum (ETH), the second-largest crypto, could soon surpass its all-time high of $4,865, potentially hitting $8,800 early next year.
This perspective is based on the historical correlation between Bitcoin halving cycles and Ethereum performance. Traditionally, after a Bitcoin halving cycle, Ethereum tends to catch up by recording significant increases.
Analysts at Bybit and Block Scholes note that the recent reduction in leverage in the crypto market could mark a turning point for Ethereum. This “reset” eliminated high-risk long positions, paving the way for a solid rebound potential. According to a market report, “ ETH shows growing strength in derivatives markets, fueled by general anticipation of higher prices “.
Furthermore, technical formations like the “ascending triangle” observed on the daily chart support the optimistic forecasts. A break above $4,100 could open the way to the highs predicted by analysts such as Long Investor.
Fundamental factors and growing crypto adoption
Besides technical signals, fundamental factors reinforce the bullish outlook for Ethereum. The number of new addresses created on the network reached a daily average of 130,000 in December, a level not seen since April. This phenomenon reflects a growing interest from investors, particularly institutional investors, in the Ethereum ecosystem.
The successful transition to Ethereum 2.0, which relies on Proof-of-Stake, continues to attract attention. This change provides greater energy efficiency and paves the way for wider adoption in the financial and technology sectors. Furthermore, Ethereum's central role in dApps, NFTs and Decentralized Finance (DeFi) helps solidify its position in the market.
However, some experts like VanEck's predict more conservative goals. They estimate a cycle high of $6,000 for Ethereum, citing continued volatility in the crypto market.
In short, the crypto market is entering a strategic phase, with Ethereum expected to play a leading role in 2025. Whether it reaches $6,000 or $8,800, the convergence of technical, fundamental and institutional adoption signals positions Ethereum as a key player. For investors, now could be a good time to closely monitor the movements of this blockchain giant.
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