Ethereum On The Cusp Of Major Breakout In Q1 2025, Altcoins Expected To Follow Suit

Source Newsbtc

As Ethereum (ETH) trades steadily 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 resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier.

Could Ethereum Reach $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 observed in previous Bitcoin Halving years, particularly in 2017 and 2021, where ETH experienced substantial double-digit increases from January through March.

In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH saw significant gains of 78.5% in January, 8.4% in February, and 34.7% in March. 

According to the expert’s analysis, these historical trends indicate that if Ethereum sustains its current price level for the rest of the year, it could experience a comparable path in 2025.

Ethereum

Based on these historical figures and averages from the price increases between 2017 and 2021, it is possible that ETH might reach about $5,000 in January, around $6,400 in February, and by March, it could soar to $14,336 per token.

Such increases would not only signify a recovery but also potentially triple Ethereum’s all-time high of $4,878 reached in November 2021.

Beyond Ethereum, other altcoins such as 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 has also cautioned altcoin holders, stating, “Now is the worst time to sell. Our portfolios still have the potential to do a 10x from here. The next three months are going to be incredible.”

Key Support Levels For ETH’s Price

In addition to these bullish predictions, analyst Gabriel Maur has weighed in on Ethereum’s current price action, emphasizing key support levels between $2,800 and $2,900. 

The analyst notes that the structure of support has transitioned into resistance, which, once broken, becomes a crucial support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.

As long as ETH remains above this critical support region on weekly closes, the probability of continued upward momentum stays in favor of buyers. 

Maur identifies imminent 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.

Ethereum

Featured image from DALL-E, chart from TradingView.com

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD rallies to $3,820 amid a potential US government shutdownGold is trading above $3,800, after hitting fresh all-time highs at $3,819 on Monday's European session.
Author  FXStreet
15 hours ago
Gold is trading above $3,800, after hitting fresh all-time highs at $3,819 on Monday's European session.
placeholder
Pound Sterling gains further against US Dollar amid federal government shutdown risksThe Pound Sterling (GBP) extends its upside to near 1.3445 against the US Dollar (USD) during the European trading session on Monday.
Author  FXStreet
15 hours ago
The Pound Sterling (GBP) extends its upside to near 1.3445 against the US Dollar (USD) during the European trading session on Monday.
placeholder
Silver Price rallies to $47.00 with US Government shutdown looming Silver remains bid on US Dollar weakness, at 4-year highs, near $47.00.
Author  FXStreet
14 hours ago
Silver remains bid on US Dollar weakness, at 4-year highs, near $47.00.
placeholder
Global stocks, currencies, bonds, Bitcoin, oil and gold are all surging todayGlobal stocks climbed as Dow futures rose 17 points, S&P 500 and Nasdaq futures stayed flat, and European and Asian indexes posted broad gains.
Author  Cryptopolitan
14 hours ago
Global stocks climbed as Dow futures rose 17 points, S&P 500 and Nasdaq futures stayed flat, and European and Asian indexes posted broad gains.
placeholder
Alibaba surges 50% in September, tops Hang Seng tech indexThe Hong Kong-listed stock rose as much as 4.1% to over HK$173 during Monday’s session.
Author  Cryptopolitan
14 hours ago
The Hong Kong-listed stock rose as much as 4.1% to over HK$173 during Monday’s session.
goTop
quote