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With Ethereum (ETH) trading steadily above the $3,300 level, market analysts are beginning to forecast a potential rebound that could reshape the altcoin landscape.
Currently trading at $3,321, ETH’s resilience has been notable, especially amid the broader market correction led by Bitcoin (BTC). This last one deflation It tested ETH’s critical support level at $3,290, effectively preventing a decline towards the psychologically important $3,000 barrier.
Could Ethereum price reach $14,000 by March 2025?
Cryptocurrency expert Crypto Rover made headlines with his bold prediction that ETH is about to “explode” in the first quarter (Q1) of 2025. His confidence was boosted by historical trends observed in previous Bitcoin halving years, especially in 2017 and 2021. where Ethereum It saw significant double-digit increases from January through March.
In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and 214% in March. Likewise, in 2021, ETH saw significant 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 suggest that if Ethereum maintains its current price level for the rest of the year, it could see a similar trajectory in 2025.
Based on these historical numbers and averages of price increases between 2017 and 2021, ETH could be worth 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 signal a recovery, but could also signal a tripling of Ethereum’s all-time high of $4,878 reached in November 2021.
In addition to Ethereum, other altcoins like XRP, Solana (SOL), Binance Coin (BNB), and even memecoins like Dogecoin (DOGE) are also expected to benefit from this. Market correction And monotheism.
Crypto Rover has it too to caution Altcoin holders, saying: “Now is the worst time to sell. Our portfolios still have the potential to go 10x from here. The next three months are going to be amazing.”
Key support levels for ETH price
In addition to this bullish outlook, analyst Gabriel Moore commented on Ethereum’s current price action, emphasizing 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 crucial support level. The uptrend indicated by the 55 period Exponential moving average (EMA) also supports bullish sentiment.
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As long as ETH remains above the crucial support area at the weekly close, the possibility of continued bullish momentum remains in favor of buyers.
Moore He specifies Imminent targets are $4,093 and $4,868 (previous all-time high), suggesting that if ETH closes above its all-time high, it may enter a price discovery phase with Fibonacci extensions indicating further upside potential.
Featured image of DALL-E, chart from TradingView.com