Ethereum Price May Explode To $8,000 Due to Large Consolidation Trend

Ethereum is increased 46% since 2024, but December saw a significant fall. Ethereum fell from $4,000 in the middle of the month and is presently stabilizing below $3,400.

Trader Tardigrade recently predicted Ethereum's bullishness after this consolidation. The expert predicts a 2025 rise of $8,000.

Ethereum history suggests bullishness

Trader Tardigrade, a long-term market trend analyst, shared Ethereum's price potential on X. Technical research suggests the second-largest cryptocurrency is finishing its consolidation period before a significant rally. This consolidation makes ETH's previous all-time high seem unattainable, particularly as it has hit resistance above $4,000 numerous times in the current market cycle. Trader Tardigrade says Ethereum's $8,000 aim remains.


ETH's weekly candlestick chart, which shows patterns from the 2018–2021 market cycle, informs Trader Tardigrade's analysis. Ethereum stuck at $500 for a long time, making its then-all-time high of $1,500 unattainable. After consolidation, in 2021, bitcoin market inflows and interest fueled an unprecedented surge.

Trader Tardigrade compares Ethereum's 2021–2025 price behavior to that historical timeframe. Thus, the cryptocurrency's consolidation phase is preparing for a similar rise that might bring Ethereum to a historic $8,000 price.

Long-term ETH holders expect a fresh rally to record values
Ethereum would trade at new highs and 64% above its all-time high of $4,878 if it reached $8,000.

In 2024, Ethereum has more long-term holders than Bitcoin, according to on-chain statistics. Around 75% of ETH investors are long-term holders, and many expect it to go beyond $5,000 in 2025.

Ethereum is now trading at $3,354, and a jump to $8,000 would be a 140% gain.

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