As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape.
Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier.
Could Ethereum Reach $14,000 By March 2025?
Crypto expert Crypto Rover has made headlines with his bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered by historical trends observed in previous Bitcoin Halving years, particularly in 2017 and 2021, where ETH experienced substantial double-digit increases from January through March.
In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH saw significant gains of 78.5% in January, 8.4% in February, and 34.7% in March.
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According to the expert’s analysis, these historical trends indicate that if Ethereum sustains its current price level for the rest of the year, it could experience a comparable path in 2025.
Based on these historical figures and averages from the price increases between 2017 and 2021, it is possible that ETH might reach about $5,000 in January, around $6,400 in February, and by March, it could soar to $14,336 per token.
Such increases would not only signify a recovery but also potentially triple Ethereum’s all-time high of $4,878 reached in November 2021.
Beyond Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this market correction and consolidation.
Crypto Rover has also cautioned altcoin holders, stating, “Now is the worst time to sell. Our portfolios still have the potential to do a 10x from here. The next three months are going to be incredible.”
Key Support Levels For ETH’s Price
In addition to these bullish predictions, analyst Gabriel Maur has weighed in on Ethereum’s current price action, emphasizing key support levels between $2,800 and $2,900.
The analyst notes that the structure of support has transitioned into resistance, which, once broken, becomes a crucial support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.
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As long as ETH remains above this critical support region on weekly closes, the probability of continued upward momentum stays in favor of buyers.
Maur identifies imminent targets of $4,093 and $4,868 (the previous all-time high), suggesting that if ETH closes above its all-time high, it may enter a price discovery phase with Fibonacci extensions indicating further upside potential.
Featured image from DALL-E, chart from TradingView.com