As Ethereum (ETH) regularly trades above the $3,300 mark, market analysts are beginning to predict a recovery that could reshape the altcoin landscape.
Currently trading at $3,321, ETH's resilience has been remarkable, especially amid a broader market correction led by Bitcoin (BTC). Recently this decline has tested ETH's critical support level at $3,290, effectively preventing a decline towards the psychologically important $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 to “explode” in the first quarter (Q1) of 2025. His confidence is bolstered by his historical trends Bitcoin Halving was seen in the previous years, especially in 2017 and 2021, where ETH a large double-digit increase between January and March.
In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and an incredible 214% in March. Similarly, in 2021, ETH saw huge gains of 78.5% in January, 8.4% in February, and 34.7% in March.
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According to the expert analysisthese historical trends indicate that if Ethereum maintains its current price level for the rest of the year, it could experience a comparable trajectory in 2025.
Based on these historical numbers and the averages from the price increases between 2017 and 2021, it is possible that ETH will reach around $5,000 in January, around $6,400 in February, and by March, it could rise to $14,336 per token.
Such increases would not only indicate a recovery but also could reach the peak of $4,878 Ethereum in November 2021 three times.
Beyond Ethereum, other altcoins like XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are expected to benefit from this. market correction and consolidation.
Crypto Rover has too warning altcoin holders, saying, “Now is the worst time to sell. Our portfolios still have the potential to make 10x from here. The next three months are going to be amazing.”
Key Support Levels For ETH 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 support structure has moved into resistance, which, once broken, will become a critical support level. The uptrend is indicated by the 55 period Exponential moving average (EMA) supports the bullish sentiment.
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As long as ETH remains above this critical support region on the weekly close, the likelihood of a continued upward move remains in favor of buyers.
Maur be recognized nearby targets of $4,093 and $4,868 (the previous high), suggesting that if ETH closes above its all-time high, it could enter a price tracing with Fibonacci extensions indicating further upside potential.
Featured image from DALL-E, chart from TradingView.com
