Ethereum $ETH by January 2025?

Based on recent market behavior and historical patterns of #ETH , we can draw a theoretical scenario for the price of #ETH by early 2025.

1. Moving Averages - ETH is currently below the 50-day and 100-day Moving Averages, which indicates short-term selling pressure. The recovery will depend on higher volumes breaking important resistances, such as the $2,820 level.

2. Support and Resistance - The recent support was around $2,150.86. If ETH holds above this level, we could see a recovery to the $2,820 resistance. Breaking this level could indicate a trend reversal.

3. Future Scenarios:

- Bullish Scenario: With continued adoption of smart contracts and DeFi, and following the Bitcoin cycle, ETH could reach between $4,000 and $5,000 by January 2025.

- Conservative Scenario: If selling pressure persists, ETH could remain between $2,500 and $3,000, with possible retests of support near $2,000.

So, are you bullish?