Ethereum: Trump's new move could drive the price of crypto to rise by 400%
Ethereum, the leader among altcoins, is poised for a potential rally that could take its price to $14,000 by March 2025. This bold prediction is based on market analysis and the current optimism in the cryptocurrency space. But what factors are really behind this scenario? Below, we explore the dynamics that could push Ethereum to new heights.
The influence of big investors
So-called “whales” — large holders of cryptocurrencies — play a crucial role in determining the price of Ethereum. Currently, the number of addresses holding at least 1,000 ETH has reached a monthly high of 5,561. These heavyweight investors, capable of moving the market, reflect a growing level of confidence in the digital asset.
While some observers point to the possibility of profit-taking, it is noteworthy that Donald Trump, a polarizing figure in politics and respected in the financial market, is now also investing in Ethereum. His entry into the market highlights the growing relevance of cryptocurrencies in the global financial landscape.
The widely used indicator for predicting market tops and corrections currently suggests a potential peak of $5,800 for Ethereum, above previous highs. This is significant because a value above the 7% mark on the MVRV 7D index often precedes significant price gains. However, historically, Ethereum has struggled to sustain gains when the index is between 5% and 7%, often leading to corrections.
400% rally by March 2025
Cryptocurrency analyst AlejandroBTC, known for his bold and often accurate predictions, recently claimed that Ethereum will hit a new all-time high this year. He also predicts that ETH will hit $7,000 by January 2025 and $14,000 by March of the same year. In a recent tweet, AlejandroBTC stated, “Once resistance is broken, there will be no limits.” These estimates, while optimistic, have divided opinions within the crypto community.
Ethereum Resistances and Momentum
One of the biggest challenges for Ethereum is to overcome the resistance of $3,600. If this level is broken, the next target would be $4,000, a level that the asset has not reached since December 2021.
