Will Ethereum Reach $7,000 by January 2025? Analysts Comment…
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Will Ethereum reach $7,000 in January 2025? Analysts forecast…
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- Ethereum’s Pi Cycle Top indicated a market high above $5,000.
- A price correction could see ETH fall back to $3,0300. Like most cryptocurrencies,
Ethereum [ETH]has experienced remarkable growth recently. Many believe ETH is set for a new all-time high similar to that of Bitcoin. Could this actually happen?
The future outlook for Ethereum
Pushing similar trends as BTC, ETH saw a rise of over 8% last week. At the time of writing, the leading altcoin was valued at $3389.53 with a market capitalization of $408 billion.
The token peaked in November 2021 but has faced declines since then; Ethereum’s peak value is approximately $4,700. p >
Despite prevailing bullish sentiments and expectations of an emerging altcoin season , several technical analysts remain hopeful for higher ATHs for ETH. AlejandroBTC , renowned within crypto circles , echoed such predictions .
In their latest tweet , they speculated that by year-end eth could achieve its ATH once more . The forecast stated an ascent to$7k by January 2025 followed by$14k by March ’25 . AskFX expressed cautious optimism about these figures seemed quite aggressive, scrutinizing Ethereum’s daily chart for potential resistance levels it must breach first . Current analysis shows eth facing challenges overcoming its mark around$3k400. p >
The MA Cross indicator signaled positive momentum as the9 – day MA surpassed b >21- day MA making breaks out above resistance likely in next days can be anticipated . Thereafter,$3k900 followed subsequently,$4khigh level we’d see retested nearing its previous HIT levels. p >
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How To Make Short-Term Predictions?
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