As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a possible recovery that could change the altcoin landscape.
Currently trading at $3,321, ETH's resilience has been remarkable, especially amid a broader market correction led by Bitcoin (BTC). This last one recession It has tested ETH's critical support level at $3,290, effectively preventing a decline towards the significant psychological barrier of $3,000.
Can Ethereum reach $14,000 by March 2025?
Crypto expert Crypto Rover has made headlines with its bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. where ETH It experienced a significant double-digit increase from January to March.
In 2017, Ethereum recorded an impressive monthly growth of 31.9% in January, 48% in February and 214% in March. Similarly, in 2021, ETH saw a significant increase of 78.5% in January, 8.4% in February and 34.7% in March.
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According to the expert opinion AnalysisThese historical trends suggest 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 figures and average price increases between 2017 and 2021, ETH may reach around $5,000 in January, around $6,400 in February, and $14,336 per token by March.
Such gains would not only represent a recovery, but would potentially triple Ethereum's all-time high of $4,878 in November 2021.
Beyond Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB) and even memecoins such as Dogecoin (DOGE) are expected to benefit. Market correction and stabilization
It also has Crypto Rover warned Altcoin holders stated: “Now is the worst time to sell. Our portfolio still has the potential to do 10x from here. The next three months are going to be incredible.”
Key support levels for ETH price
In addition to these bullish predictions, analyst Gabriel Maurer has highlighted Ethereum's current price, highlighting key support levels between $2,800 and $2,900.
The analyst notes that the support structure has turned into resistance, which, once broken, becomes a critical support level. Uptrend indicated by period 55 Exponential moving average (EMA) further supports bullish sentiment.
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As long as Ethereum remains above this vital support zone in the weekly packages, the possibility of continued bullish momentum remains in favor of buyers.
Moore identifies The looming targets of $4,093 and $4,868 (previous record highs), suggest that Ethereum may enter a price discovery phase if it closes above its historical high, with Fibonacci retracements indicating further upside potential.
Featured image of DALL-E, chart from TradingView.com
