CandleFocus

Ethereum price may be about to surge, history says

Author: Content Editor
The Ethereum price has faced resistance at $4,000 and has dropped in recent days. However, seasonality data suggests that Ethereum may rebound strongly in the first quarter of 2025, as it has had positive returns in all but two first quarters since 2017. Ethereum's strong fundamentals, including significant investor accumulations and high network fees, serve as potential catalysts for its price. Additionally, Ethereum's futures open interest has dropped, indicating the possibility of a price bounce back. Technical analysis also suggests that Ethereum has strong support levels and a potential for a bullish breakout if it surpasses the triple-top chart pattern at $4,027.

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