đđ° Will Ethereum Reach $7K by January 2025?
đ Ethereumâs Recent Growth
Ethereum (ETH) has shown promising growth, mirroring Bitcoin's rally. ETH gained over 8% last week, currently trading at $3,389.53 with a market cap of $408 billion, still far from its $4.7k all-time high (ATH) from November 2021.
đ Path to a New ATH
Crypto analyst AlejandroBTC predicts ETH could reach $7k by January 2025 and $14k by March 2025. For now, ETH struggles with $3.4k resistance, but a bullish Moving Average (MA) Cross indicates potential to breach this level soon.
đ Short-Term Outlook
If ETH surpasses $3.4k, its next targets are $3.9k and its March high of $4k. A breakout beyond these levels could open the door for a retest of its $4.7k ATH, fueled by strong market sentiment and investor confidence.
đ Pi Cycle Top Insights
The Pi Cycle Top indicator suggests ETHâs possible market top is $5.8k, well above its current ATH. This aligns with bullish expectations, assuming market sentiment remains strong and liquidation pressures donât increase.
â ïž Risks Ahead
If market conditions worsen, ETH could face a correction, dropping to its $3.03k support level. However, optimism around ETHâs long-term potential suggests the climb to $7k is achievable with continued momentum.
