Ether Set for New All-Time High as Analysts Eye Q1 2025 Breakout
Market analysts predict that in the first quarter of 2025, Ether may surpass its previous all-time high. Bitcoin broke above the record $100,000 high on December 6 for the first time in cryptocurrency history, while Ether has failed to stay above the crucial psychological threshold of $4,000. According to a market study released by Bybit and Block Scholes, Ether might soon begin to overtake Bitcoin’s gains in the wake of last week’s deleveraging of the cryptocurrency market, which is suggestive of a reset in leveraged long exposure.
In the first quarter of next year, Ether might rise to a new all-time high because of the decreased leverage. Bybit analysts told Cointelegraph that they anticipate the first quarter of 2025 to see a new all-time high.
ETH shows strength in derivative markets as the price catch-up anticipation is in full swing,
Bybit analysts
Analyst Predicts Ethereum Surge to $8,800 Following Key Resistance Break
The daily chart’s ascending triangle, a technical chart formation used to identify the continuance of an uptrend, suggests that Ether may be positioning itself for a climb to above $8,800. The Long Investor, a well-known cryptocurrency analyst, says Ether must first overcome the crucial $4,100 barrier level.
A break above $4,100 next, and this could run to the ATH level at $4,865. I am holding $ETH until $8,800,
the analyst
Given Ether’s historical relationship to the Bitcoin halving cycle, it may begin to overtake Bitcoin in December.
Every cycle, following the Bitcoin halving, Ethereum underperformed BTC for no more than 8 months until it explodes against BTC. We are in the 8th month now. Right on track. Then ETH/BTC Ratio since halving goes to no less than 700% after, which for this cycle means ETH/BTC = 0.39
the popular crypto analyst Venture Founder
For more up-to-date crypto news, you can follow Crypto Data Space.
1 Comment