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Cryptocurrency News Articles

Ethereum (ETH) Could Be Positioned for a Successful First Quarter in 2025, According to Prominent Whale Trader

Dec 30, 2024 at 08:50 pm

In a post on X on Sunday, pseudonymous whale trader Eugene Ng Ah Sio emphasized that Ethereum is poised to capitalize on the more pro-crypto environment in the U.S.

Ethereum (ETH) Could Be Positioned for a Successful First Quarter in 2025, According to Prominent Whale Trader

Prominent whale trader sees Ethereum positioned for successful Q1

Renowned whale trader highlights key factors driving optimism for Ethereum's price performance in Q1 2025.

In a post on X on Sunday, pseudonymous whale trader Eugene Ng Ah Sio shared his insights on Ethereum's price trajectory, expressing optimism for the cryptocurrency's performance in the first quarter of 2025.

The whale trader noted that Ethereum is set to benefit from the more pro-crypto environment in the U.S. following Donald Trump's election victory, which is expected to pave the way for favorable regulations and институциональное adoption.

While the crypto bull market has already seen a local peak in December, Eugene anticipates a continued rally where select assets will outshine others. He outlined three critical reasons why Ethereum is positioned to break above $4,000 in January and possibly test its all-time high during Q1.

Moreover, he identified AI agents, utility fee-generating coins, and potential ETF coins as promising verticals for Q1 2025, presenting opportunities for continued growth.

The whale trader advised his followers to align with prevailing trends rather than adopting contrarian strategies at this stage. He noted that the current cycle resembles the localized rallies of 2023-2024, followed by periods of volatile, competitive trading.

While a cycle top may eventually emerge, the trader does not see this happening in the near term. "Hopping along momentum trends is probably the easiest way to make money right now," he concluded.

News source:www.benzinga.com

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Other articles published on Jan 02, 2025