ETH is currently trading at approximately $3,658.34, reflecting a 1.53% increase from the previous close.
Recent price movements indicate that ETH has rebounded from a low of $3,576.58 to a 24-hour high of $3,662.84, supported by a trading volume of 229,834 ETH.
The price is approaching key resistance at $3,660, and a successful breakout could push it toward $3,700 and $3,750.
Immediate support at $3,610 provides a solid base for entries with minimal risk.
Analysts have varying predictions for ETH's price in 2025.
Alex Thorn of Galaxy Research forecasts that ETH could exceed $5,500 in 2025, citing easing regulatory challenges and increased collaboration between decentralized finance (DeFi) and traditional finance (TradFi).
Another expert predicts that ETH may reach $15,000 by the end of 2025.
Given the growing interest in Layer 1 solutions and the potential for further upside, traders might consider positioning themselves accordingly.
However, it's essential to conduct thorough research and assess risk tolerance before making any investment decisions.