According to experts at Bitwise, future technological developments and widespread acceptance might lead the native cryptocurrency to reach an unprecedented peak of $7,000 by the year 2025.
Has Ether seen a slight increase lately, but can it surge enough to reach the $4,000 mark before the end of January? Let’s explore that possibility.
Ethereum Technicals Signal Rally to $4,000
As a crypto investor, I’m finding myself optimistic about Ethereum reaching the $4,000 mark by the end of this month. The price chart for Ethereum seems to be shaping into a rounding bottom, which is a bullish reversal pattern often indicative of renewed buying interest. This technical formation suggests a potential upward trend could be on the horizon.
On its 4-hour chart, signs are appearing that volatility could be decreasing for the world’s second-largest cryptocurrency by market cap. The Relative Strength Index (RSI) is slightly above the oversold level, hinting that a change in trend might occur soon.
Moreover, the Moving Average Convergence Divergence (MACD) signal points towards an uptrend, and the tightened Bollinger Bands suggest that Ethereum’s growth trajectory might persist.
Ether fundamentals suggest further upside
There’s strong reason to believe that ETH will significantly increase to around $4,000 by January based on its underlying principles.
In the first three months of 2025, an update known as Pectra is planned for the free, distributed ledger system we’re working on. This update is intended to increase its speed, improve its ability to handle larger volumes of transactions, and make it more user-friendly.
As an analyst, I foresee Ethereum undergoing another significant upgrade, christened “Fusaka,” which is geared towards enhancing its security and overall performance. This update aims to further fortify Ethereum’s standing in the rapidly evolving decentralized finance (DeFi) landscape.
Additionally, it’s worth noting that the number of Ether holders (HODLers) has experienced a significant surge. As of current data from Santiment, this figure now stands at an impressive 645,000, indicating that retail investors are optimistic about Ethereum’s long-term potential.
It’s worth mentioning that Ethereum is renowned for its strong security features, which could potentially broaden its applications and fuel ongoing interest in its built-in cryptocurrency in the future.
Institutional capital may flow into ETH this year
Approved by the Securities & Exchange Commission are several Ethereum exchange-traded funds (ETFs), yet these investment options haven’t garnered as much institutional attention as Bitcoin has thus far.
Under the Trump administration, this situation might shift. The reason being, Bitcoin is generally perceived as a means for storing value, whereas Ethereum focuses more on its practical uses (utility).
Under the new administration, the anticipated legal clarity carries significant importance for Ethereum (ETH), as its applications need clear guidelines to fully actualize their potential and foster broad acceptance.
Keep in mind that President-elect Donald Trump will assume office on January 20th. If he begins fulfilling his pro-cryptocurrency pledges immediately, it’s quite possible that the value of Ethereum could establish a brand-new record high before the month is over.
Ether could rally on the back of another rate cut
It’s quite probable that Ethereum will set a fresh record high by January, and there’s a strong possibility of a short-term price surge due to an anticipated interest rate reduction the U.S. Federal Reserve might declare during their policy meeting at the end of this month.
With planned updates to the network focusing on enhancing its scalability and capabilities, increasing institutional investment, a supportive regulatory environment, and positive technical signs – Ethereum appears ready for substantial growth in 2025.
Based on their analysis, CoinDCX experts anticipate that Ethereum will surge past its current value and reach approximately $10,000 by the year’s end. Keep this in mind, investors!
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2025-01-13 18:54