Ethereum (ETH) is ready to explode: Watch out for the first quarter!
The first quarter of 2025 has been pointed out for Ethereum (ETH), which performed poorly compared to Bitcoin in 2024.
Crypto analysts predict that $ETH , which fell short of expectations, will reach record levels in early 2025. Although the Ethereum blockchain performed relatively poorly, it created a correlation with the four-year Bitcoin halving cycle. According to analysts, this correlation could allow ETH to outperform BTC.
According to a market report published by Bybit and Block Scholes, the $ETH price has been relieved of a major burden after the crash in the crypto market last week. In the said crash, a large amount of #ETH positions were liquidated. The report said, “The reset indicator of leveraged long (bullish) positions has decreased significantly.”
Analysts used the following statements; “The decrease in leverage could push ETH to an all-time high in the first quarter of next year.”
Despite Bitcoin reaching $100,000 for the first time on December 6, the Ethereum (ETH) price has not been able to overcome the psychological resistance of $4,000. Experts predict that ETH will sign a potential rally after 2025.
According to Cointelegraph data, while the BTC price has increased by over 54 percent in the last six months, ETH has only increased by 12 percent. Analysts predict that these return rates will change in 2025.
Crypto analyst Long Investor reminded that ETH must first overcome the $4,100 resistance level. The analyst predicted that ETH would reach $4,865 if the resistance was broken. The analyst stated that he would not sell his ETH until $8,800.
Popular crypto analyst Venture Founder, on the other hand, adopts a cyclical approach. The analyst stated that the Bitcoin halving cycle also includes ETH.
Venture Founder noted the following statements; “When historical halving cycles are examined, it is seen that Ethereum showed a weak performance against $BTC for 8 months after the Bitcoin halving.”
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