Ethereum is brewing new breakthroughs: a major surge opportunity may arise in 2025
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Ethereum (ETH) is trying to break free from a downward trend after reaching the $3,100 support zone. Recent market analysis suggests that ETH may experience a strong rebound in the coming years, especially in 2025.
Key Price Level Analysis
Recent Performance:
After hitting the $4,000 mark at the beginning of this month, Ethereum failed to stabilize three times and pulled back.
Last week, ETH fell to a one-month low of $3,100, then started to recover, currently hovering in the range of $3,200 to $3,550.
Support and Resistance:
Support Zone: $3,032 to $3,132, with 3.69 million addresses holding 4.85 million ETH.
Resistance Zone: $3,640 to $3,740, with over 2 million addresses purchasing 4.3 million ETH.
Breaking through these key zones will determine Ethereum's future trend.
Trend Line Breakthrough:
Ethereum has broken through the downward trend line and is trying to stabilize above $3,500.
If it can maintain this level, it may push the price to retest higher levels.
Historical Data Reveals Potential
Analysts point out that ETH often performs impressively in the months following the U.S. elections. Looking back at history:
In 2017 and 2021, Ethereum rose by 31.92% and 78.51% respectively in the month following the elections.
The peak performance in the first quarter occurred from March to April, with returns of 214% (2017) and 44% (2021).
If history repeats itself, Ethereum is expected to break its historical high of $4,878 in early 2025 and continue to rise throughout the quarter.
Technical Charts Suggest Replication Pattern
Cryptocurrency traders believe that Ethereum's current price movement is very similar to that of 2020-2021:
2021 Movement: Significant rise followed by consolidation, then a breakthrough and pullback, culminating in a new high by the end of the year.
Current Performance: Last week, Ethereum retested the key support zone, and if it can stabilize and break through, this may be the beginning of the next upward movement.
As of now, ETH is trading at $3,501, having risen 6.3% in the past 24 hours.
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