Ethereum (ETH) continues to hold strong above the $3,300 mark, even amidst a widespread market correction led by Bitcoin (BTC). Currently trading at $3,321, ETH has demonstrated remarkable resilience, successfully defending its critical support level at $3,290 and warding off a descent towards the psychologically significant $3,000 threshold.
This steadfast performance has given rise to optimistic predictions about the altcoin’s future trajectory. Crypto Rover, a renowned cryptocurrency expert, has forecast that Ethereum is set for a significant surge in Q1 of 2025, potentially reaching a high of $14,000.
Crypto Rover’s bold prediction is based on historical trends observed during previous Bitcoin Halving years, notably 2017 and 2021. During these periods, Ethereum experienced hefty double-digit percentage increases from January through March. Back in 2017, Ethereum posted monthly gains of 31.9% in January, 48% in February, and a massive 214% in March. Similarly, in 2021, Ethereum benefited from gains of 78.5% in January, 8.4% in February, and 34.7% in March.
The expert argues that if Ethereum manages to maintain its current price level for the remainder of the year, it could follow a similar path in 2025. By analyzing the average price increases between 2017 and 2021, Crypto Rover estimates that Ethereum could hit around $5,000 in January, approximately $6,400 in February, and a whopping $14,336 per token by March. Such a rise would not only represent a recovery but also potentially triple Ethereum’s all-time high of $4,878, attained in November 2021.
This expected market correction and consolidation are also predicted to benefit other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE). However, Crypto Rover has warned altcoin holders against selling prematurely, 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.”
Gabriel Maur, another analyst, has also offered insights into Ethereum’s current price action, highlighting key support levels between $2,800 and $2,900. He notes that these support structures have transitioned into resistance, which, once breached, becomes an essential support level. The upward trend shown by the 55-period Exponential Moving Average (EMA) further endorses the bullish sentiment.
If Ethereum manages to stay above these critical support levels on weekly closes, the chances of continued upward momentum favor the buyers. Maur has identified immediate targets of $4,093 and $4,868 (the previous all-time high). If Ethereum manages to close above its all-time high, it could enter a price discovery phase, with Fibonacci extensions indicating even more upside potential.
