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As ethereum (eth) steadily trades above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape.
Currently trading at $3,321, eth's resistance has been notable, especially amid a broader market correction led by bitcoin (btc). This recent recession has tested eth's critical support level at $3,290, effectively preventing a decline towards the psychologically significant $3,000 barrier.
Could ethereum hit $14,000 by March 2025?
crypto expert crypto Rover has made headlines with his bold prediction that eth is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered by historical trends seen in previous bitcoin years. Halving, particularly in 2017 and 2021. where eth experienced substantial double-digit increases from January to March.
In 2017, ethereum posted impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, eth recorded significant gains of 78.5% in January, 8.4% in February, and 34.7% in March.
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According to the expert <a target="_blank" href="https://x.com/rovercrc/status/1872596034049708229″ target=”_blank” rel=”nofollow”>analysisThese historical trends indicate that if ethereum maintains its current price level for the rest of the year, it could experience a comparable path in 2025.
Based on these historical figures and the averages of price increases between 2017 and 2021, it is possible that eth will reach around $5,000 in January, around $6,400 in February, and in March, it could skyrocket to $14,336 per token.
Such increases would not only mean a recovery, but would also potentially triple ethereum's all-time high of $4,878 reached in November 2021.
Beyond ethereum, other altcoins like XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this. market correction and consolidation.
crypto Rover also has <a target="_blank" href="https://x.com/rovercrc/status/1872675306626244795″ target=”_blank” rel=”nofollow”>warned altcoin holders, stating: “Now is the worst time to sell. Our portfolios still have the potential to grow 10x from here. “The next three months are going to be incredible.”
Key Support Levels for eth Price
In addition to these bullish predictions, analyst Gabriel Maur has weighed in on the current ethereum price action, emphasizing key support levels between $2,800 and $2,900.
The analyst notes that the support structure has become a resistance which, once broken, becomes a crucial support level. The upward trend indicated by the period 55 exponential moving average (EMA) further supports the bullish sentiment.
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As long as eth remains above this critical support region on the weekly closes, the likelihood of continued bullish momentum will continue to favor buyers.
mauro <a target="_blank" href="https://x.com/maur_gabriel/status/1872242846725439695″ target=”_blank” rel=”nofollow”>identifies looming targets of $4,093 and $4,868 (the previous all-time high), suggesting that if eth closes above its all-time high, it may enter a price discovery phase with Fibonacci extensions indicating further upside potential.
Featured image of DALL-E, chart from TradingView.com
