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ethereum

Could Ethereum Finally Be Gearing Up For A Breakout? Here’s What Analysts Predict

Ash Tiwari
by Ash Tiwari
7 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

While 2024 was not particularly stellar for Ethereum (ETH) in terms of price action, 2025 might finally bring some much-needed optimism for ETH bulls. Several analysts believe ETH is on the verge of a massive breakout that could see the cryptocurrency establish new all-time highs (ATH).

Is It Finally Time For Ethereum?

Ethereum, the second-largest cryptocurrency by market capitalization, may finally outshine its peers this year. According to crypto analyst Jelle, ETH has been trading within a long-term bullish pennant for three years and recently tapped into all available downside liquidity.

jelle
Source: Jelle on X

The analyst emphasized that the time for ETH to break out is near, anticipating an “old-fashioned ETH rally.” Jelle hinted at ETH entering five-figure territory, suggesting a minimum price target of $10,000.

Related Reading: Ethereum Weekly RSI Resets: Is A Rebound To $4,000 Imminent?

Similarly, crypto and forex trader Merlijn The Trader shared an optimistic outlook. The trader highlighted ETH’s performance against Bitcoin (BTC), showing it following an ascending triangle pattern. A decisive break above the 0.15 BTC level could finally trigger the much-anticipated altseason. Merlijn noted:

ETH is primed to skyrocket to $8,000. The setup is clear, and Ethereum’s next breakout is inevitable.

ETH
Source: Merlijn The Trader on X

Another crypto enthusiast, BitcoinHabebe, shared their perspective on ETH’s price action. According to them, ETH is trading in a descending broadening wedge on the weekly timeframe. A clean breakout above the upper trendline of this pattern could push ETH to $5,000.

Meanwhile, seasoned crypto market commentator Ali Martinez presented a thesis on ETH’s potential price trajectory for Q1 2025. Martinez pointed to a bullish inverse head-and-shoulders pattern forming on the daily chart.

According to Martinez, ETH consolidated for approximately 37 days around the $2,800 price level in April 2024 before moving higher. The analyst expects a similar consolidation period as ETH forms the right shoulder of this pattern, with a breakout likely to occur by mid-February.

ETH
The chart shows a developing right-shoulder for ETH | Source: ali_charts on X

Whales Losing Faith In ETH?

While these price projections present a bullish outlook for ETH, some analysts remain cautious about the cryptocurrency’s ability to deliver extraordinary gains in the short term. On-chain data suggests that certain crypto whales are reducing their ETH holdings due to its underwhelming price performance compared to other cryptocurrencies like XRP, SUI, and Solana (SOL).

Related Reading: Ethereum Path To $8,000 Milestone Unshaken By Market Fluctuations – Analyst Claims

However, data from crypto exchange-traded funds (ETFs) indicates that institutional capital may finally be rotating from BTC into ETH. Sustained capital inflows into ETH could help pave the way for altseason. At press time, ETH trades at $3,433, up 2.9% in the past 24 hours.

ethereum
ETH trades at $3,433 on the daily chart | Source: ETHUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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