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Cryptocurrency News Articles
Ethereum (ETH) Primed for an 'Explosion' in Q1 2025, Expert Predicts a Trip to $14K
Dec 28, 2024 at 12:30 pm
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape.
Market analysts are predicting a potential recovery in the cryptocurrency market, with Ethereum (ETH) showing resilience in a recent price correction.
While Bitcoin (BTC) led the recent downturn, ETH has managed to hold critical support. This has sparked optimism among analysts, who are now predicting a strong first quarter (Q1) for altcoins.
Crypto expert Crypto Rover is boldly predicting an “explosion” in ETH price in Q1 of 2025. His prediction is based on historical trends observed in previous Bitcoin Halving years, particularly 2017 and 2021, where ETH experienced substantial double-digit increases from January through March.
In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH saw significant gains of 78.5% in January, 8.4% in February, and 34.7% in March.
According to the expert’s analysis, these historical trends indicate that if Ethereum sustains its current price level for the rest of the year, it could experience a comparable path in 2025.
Based on these historical figures and averages from the price increases between 2017 and 2021, it is possible that ETH might reach about $5,000 in January, around $6,400 in February, and by March, it could soar to $14,336 per token.
Such increases would not only signify a recovery but also potentially triple Ethereum's all-time high of $4,878 reached in November 2021.
Beyond Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this market correction and consolidation.
Crypto Rover has also warned altcoin holders against selling their holdings at this stage, 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.”
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