As Ethereum (ETH) steadily breaks through the $3,300 barrier, market analysts begin to predict a potential recovery that could reshape the altcoin landscape.
Currently, ETH is trading at $3,321, showing significant resilience, especially amid the broad market correction led by Bitcoin (BTC). The recent decline tested ETH's key support level at $3,290, effectively preventing it from falling towards the important psychological level of $3,000.
Will Ethereum reach $14,000 by March 2025?
Cryptocurrency expert Crypto Rover boldly predicts that ETH will experience a 'breakout' in the first quarter (Q1) of 2025, a forecast that has made headlines. The historical trends of Bitcoin's halving have bolstered his confidence, especially in 2017 and 2021, when ETH experienced significant double-digit growth from January to March.
In 2017, Ethereum's monthly gains were impressive, with a 31.9% increase in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH's monthly gains were also significant, with 78.5% in January, 8.4% in February, and 34.7% in March.
According to expert analysis, these historical trends suggest that if Ethereum maintains its current price level for the remainder of the year, it could experience a similar trajectory in 2025.
Based on historical data and the average price increases from 2017 to 2021, ETH could potentially reach around $5,000 in January, approximately $6,400 in February, and could soar to $14,336 per token by March.
Such growth not only signifies a recovery but could potentially reach three times the historical high of $4,878 set in November 2021.
In addition to Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this market adjustment and consolidation.
Crypto Rover also warned altcoin holders: 'Now is the best time to sell. Our portfolio still has the potential to rise 10 times from now. The next three months will be incredible.'
Key support levels for ETH price
In addition to these bullish predictions, analyst Gabriel Maur also assessed Ethereum's current price trends, emphasizing that key support lies between $2,800 and $2,900.
Analysts point out that the support structure has shifted to resistance, which, once broken, will become a key support level. The upward trend indicated by the 55-week exponential moving average (EMA) further supports bullish sentiment.
As long as ETH remains above this key support area by weekly close, the likelihood of continued upward movement will favor buyers.
Maur's recent targets are set at $4,093 and $4,868 (previous historical high), indicating that if ETH closes above its historical high, it might enter a price discovery phase, while Fibonacci expansion suggests further upside potential.
