According to ChainCatcher news reported by Cointelegraph, market analysts suggest that Ethereum may reach a historical high in the first quarter of 2025. Based on market reports from Bybit and Block Scholes, as the crypto market de-leverages last week, Ethereum may soon catch up to Bitcoin's gains, indicating a 'reset of leveraged long positions.'
Bybit analysts state that the liquidation of leverage may lay the groundwork for Ethereum to achieve a historic high in the first quarter of next year. A new high is expected in the first quarter of 2025, as the anticipation of Ethereum's price catching up unfolds, with ETH showing strong momentum in the derivatives market.
Cryptanalysis expert The Long Investor indicates that Ethereum needs to first break through the key resistance level of $4,100. If it breaks through $4,100, it could rise all the way to the historical high of $4,865. He also stated that he would hold ETH until it reaches $8,800.
