As Ethereum (ETH) steadily breaks through the $3,300 barrier, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape.
Currently, ETH is trading at $3,321, showing remarkable resilience, especially during the broad pullback led by Bitcoin (BTC). The recent decline tested ETH's critical support level at $3,290, effectively preventing it from falling toward 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 an 'explosion' in the first quarter (Q1) of 2025, a prediction that has made headlines. The historical trends of Bitcoin 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 an increase of 31.9% in January, 48% in February, and as high as 214% in March. Similarly, in 2021, ETH's monthly gains were also significant, with a gain of 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 this year, it may experience a similar trajectory in 2025.
Based on this historical data and the average price increases from 2017 to 2021, ETH could potentially reach around $5,000 in January, around $6,400 in February, and possibly soar to $14,336 per token by March.
Such growth not only signifies a recovery but also has the potential to reach three times the all-time 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 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 increase tenfold 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 trend, emphasizing that critical support levels are between $2,800 and $2,900.
Analysts point out that the support structure has shifted to resistance, and once broken, it will become a key support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.
As long as ETH remains above this key support area at weekly close, the likelihood of continued upward movement will favor buyers.
Maur's near-term targets are set at $4,093 and $4,868 (the previous all-time high), indicating that if ETH closes above the all-time high, it may enter a price discovery phase, with Fibonacci extension suggesting further upward potential.
