CandleFocus Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over?
2024-12-25
Author: Content Editor
Several market watchers are predicting a strong performance for Ethereum in 2025 despite recent pullbacks. Ethereum has struggled to establish support at the $4,000 level and has been rejected from this price range multiple times. However, it has broken out of its downtrend line and is attempting to reclaim the $3,500 support. Analysts note that a "clean breakout" could lead to a retest of higher levels. Historical performance after U.S. elections suggests a bullish trend for Ethereum in the first few months of the year. If this pattern repeats, Ethereum's price could surge above its all-time high in January. The recent price action of Ethereum resembles its 2020-2021 performance, leading some traders to believe that it could rally in the coming weeks. As of now, Ethereum is trading at $3,501, up 6.3% in the last 24 hours.
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