ChainCatcher message, market analysts are optimistic about Ethereum's future performance. According to market reports from Bybit and Block Scholes, as the crypto market deleverages, Ethereum is expected to catch up with Bitcoin's gains. Analysts point out that the reset of leveraged long positions may lay the groundwork for Ethereum to reach an all-time high in the first quarter of 2025.

Bybit analysts believe that leveraged liquidations will provide momentum for Ethereum's price increase, and it is expected to show strong momentum in the derivatives market. The Long Investor notes that Ethereum needs to break through the key resistance level of $4,100; if successful, it could rise to an all-time high of $4,865, with the potential to reach $8,800.