Cripto247 - Latest news about Bitcoin, Ethereum, blockchain and cryptocurrencies
START
DEFI & ALTCOINS
eth xrp
What awaits us in late 2024 and early 2025 for ETH and XRP?
CRIPTO247 EDITORIAL DEC 4, 2024 9:00 PM EST
As we approach the end of 2024 and the beginning of 2025, interest in cryptocurrencies, especially Ethereum (ETH) and XRP, continues to rise. Both digital assets have shown trends and projections that could significantly influence their performance in the market.
With the possibility of new regulations, the introduction of stablecoins, and the growing interest from retail investors, it is crucial to analyze what awaits these cryptocurrencies in the near future. Jacobo Maximiliano, an analyst at Bitget, shared with Cripto247 his opinion on what awaits us at the end of 2024 and the beginning of 2025 for ETH and XRP:
Ethereum (ETH)
-From a fundamental analysis perspective.
Ethereum is being the great forgotten of the crypto market. From my point of view, it still has many things to say, specifically, reaching its ATH (All Time High), that is, its historical maximum. There are many good news on a fundamental level, but perhaps its successful ETF and the volume it is generating is the greatest indicator of the interest that the queen of cryptocurrencies has generated. There are strong fundamental arguments of all kinds to think about a maximum price of Ethereum before the end of the year 2024 or in January 2025. From a technical analysis perspective, Ethereum has just broken its recent historical bearish trend (red line on the chart), activating a pattern in the form of a bullish wedge that could take it to exorbitant prices.
Specifically, it has a bullish pattern (called extended angel 1) that first takes it to the range of $7,900, and even to $9,900. From there, there would be a strong correction to perhaps $5,000 or $6,000. Then it would rise again to $14,000 (target of the pattern), which would coincide with the targets set for Bitcoin of around $175,000.