According to TechFlow, on December 14, Cointelegraph reported that according to a market report released by Bybit and Block Scholes, Ethereum may soon begin to catch up with Bitcoin's gains after the deleveraging of the cryptocurrency market last week. Bybit analysts said that the reduction in leverage may allow Ethereum to rebound to a record high in the first quarter of next year. They expect "a record high in the first quarter of 2025", adding: "ETH has shown strong momentum in the derivatives market as price catch-up expectations are fully underway."
Cryptanalysis Analyst Long Investor believes that Ethereum needs to first surpass the key resistance level of $4100. "After the next breakthrough of $4100, Ethereum may run to the ATH level of $4865."
