Ethereum Growth – Are Five-Digits Next in 2025?
Ethereum has experienced a significant recovery and is currently trading at $3,474, marking an 8.50% increase in the last 24 hours. The cryptocurrency also boasts a robust trading volume of $49.95 billion. Market analysts, including Guy Turner from CoinBureau, are closely monitoring the trajectory of Ethereum and hinting at the possibility of it reaching five-digit valuations by 2025.
Turner’s predictions are based on technical analysis and broader market trends, highlighting Ethereum’s potential to surpass its previous peak price.
Ethereum’s Historical Highs and New Expectations
In November 2021, Ethereum reached an all-time high of $4,878. Turner suggests that breaking through this level could drive the cryptocurrency to new price levels, with $7,300 being a significant target based on Fibonacci extensions. The 1.618 Fibonacci level is widely recognized as a crucial indicator for price expansions beyond previous highs.
Despite its recent upward momentum, Ethereum continues to lose value against Bitcoin and is currently trading at $98,368. Turner emphasizes the importance of Ethereum regaining resistance against Bitcoin in order to unlock its full price potential.
However, Ethereum’s performance is heavily influenced by Bitcoin’s trajectory, and both assets maintain a close correlation.
Bitcoin’s Role in Ethereum’s Outlook
Turner suggests that if Bitcoin reaches $200,000 by 2025, Ethereum could potentially surge to $14,600. This projection relies on increased investment interest in Ethereum as Bitcoin’s price rises. The analyst believes that surpassing Ethereum’s previous all-time high would indicate price discovery and unlock new peaks for the asset.
However, Turner also advises caution and highlights the volatility in the crypto market. While his predictions offer valuable insights, he urges investors to carefully assess risk factors before making decisions. Ethereum, currently trading at $3,686, remains under scrutiny as it navigates critical resistance and support levels.
Ethereum Technical Outlook – December 21, 2024
In the short term, Ethereum faces significant resistance at $3,550, where a downward trendline intersects with a supply zone. This level, which previously served as support, has now turned into resistance, creating a challenging environment for bullish momentum.
Key resistance levels include $3,550, $3,717, and $3,897. On the downside, immediate support for Ethereum is found at $3,252, with further levels at $3,097 and $2,940. The Relative Strength Index (RSI) currently stands at 46, indicating neutral to slightly bearish conditions.
Meanwhile, the 50-day Exponential Moving Average (EMA) is below the current price, reinforcing tentative recovery trends.
A breakout above $3,550 could trigger bullish momentum and pave the way for higher targets. Conversely, failure to surpass this level may result in renewed selling pressure, with Ethereum retesting support zones.
Ethereum’s growth highlights the rise of decentralized finance (DeFi) and aligns with Best Wallet’s Web3 innovation and the time-sensitive opportunity to participate in the $BEST token presale.
$BEST Wallet Raises $5.22M: Time-Sensitive Investment Opportunity
Best Wallet is revolutionizing the Web3 space by supporting thousands of cryptocurrencies across more than 50 major blockchains, including Bitcoin and Ethereum. The platform offers user-friendly tools for buying, selling, and swapping both same-chain and cross-chain assets, without the need for KYC verification, making it a preferred choice among crypto users.
The $BEST token presale has already raised an impressive $5.22 million, with less than 2 days remaining before the next price increase. The tokens are currently priced at $0.0233, providing an accessible entry point for early investors.
Why Invest in $BEST?
Utility-Driven: Designed for DeFi, staking, and seamless token claims.
Expanding Ecosystem: Partnerships with trending platforms like Pepe Unchained.
Engaged Community: Active participation across Twitter and Telegram.
Best Wallet combines practical features with a growing ecosystem, positioning itself as a standout player in Web3. Secure your $BEST tokens before the price increases!
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. You could potentially lose all of your capital.
