$ETH is imminent.

For his part, trader CryptoHotep expects the price of Ethereum to rise to around $3,200 in the short term. Meanwhile, the analytics platform Moralis predicted that the price of Ethereum could exceed $7,340 by 2025.

Impact of political developments and official recognitions

The positive forecasts for Ethereum are supported by analysis from Michael van de Poppe, who noted that alternative currencies, including Ethereum, may experience a significant rise, especially amid reports of President Donald Trump purchasing the currency.

Reports also indicated that Hong Kong has officially recognized Bitcoin and Ethereum as valid assets that can be accepted as proof of assets in investment immigration applications. This development is seen as a sign of the city's growing interest in digital currencies and may positively impact market movements for both currencies.

Read more about the Ethereum price predictions following the current crash... Is it a buying opportunity? - Source of news (reposted)