Expect Ethereum Price to Rebound to $3,000 — Causes for the Probability of a Rebound
As investors and traders consider the year's previous price movements and plan for 2025, the price of Ethereum (ETH) has been rather stable.
The market-wide sell-off that began in the middle of the month due to a more hawkish-than-expected Fed meeting caused Ethereum's price, which had been hovering around $3,330, to fall by the end of the month, a loss of roughly 10%.
Return of the Ethereum Price to $3,000 Likely
Having said that, the price of Ethereum is still about 40% higher than it was before Trump's win in early November.
Furthermore, despite the fact that ETH's price has lost steam and fallen below its 21 and 50DMAs in the last few weeks, it still finds solid support above its 200DMA around the $3,000 region.
Bitcoin (BTC) in particular is susceptible to a retracement below $90,000, according to chart research, suggesting that near-term loss is a potential in the next days.
But there are a lot of major obstacles that will lower the price of Ethereum heading toward 2025. For the reasons given, the price of ETH is anticipated to surge and return to all-time highs in the near future.
The Price of Ethereum: A Resounding Reversal in 2025 The year 2025 is shaping up to be a thrilling one for cryptocurrency, thanks to Donald Trump's resounding victory in November and the Republicans reclaiming control of the House and Senate.
With the appointment of pro-crypto individuals to key positions in Trump's cabinet, including as the post of AI/Crypto Czar and the Treasury Secretary, the regulatory climate in the United States is poised to shift drastically in favor of crypto.
It might even lead to Trump approving a directive for the US to begin purchasing BTC as a strategic reserve for Bitcoin.
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