As Ethereum (ETH) steadily breaks through the $3,300 trading price, market analysts begin to predict a potential recovery that could reshape the landscape of altcoins.
ETH's current trading price is $3,321, showing significant resilience, especially amid a broader market correction led by Bitcoin (BTC). The recent dip tested ETH's key support level at $3,290, effectively preventing ETH from falling towards the psychologically significant $3,000 mark.
Can Ethereum reach $14,000 by March 2025?
Crypto expert Crypto Rover's bold prediction made headlines, as he believes ETH will 'explode' in Q1 2025. The historical trends observed during previous Bitcoin halvings have bolstered his confidence, especially in 2017 and 2021, when ETH experienced double-digit growth from January to March.
In 2017, Ethereum achieved a monthly increase of 31.9% in January, 48% in February, and an astonishing 214% in March. Similarly, in 2021, ETH saw significant increases of 78.5%, 8.4%, and 34.7% in January, February, and March, respectively.
According to expert analysis, these historical trends suggest that if Ethereum maintains its current price levels for the remainder of this year, it could follow a similar path in 2025.
ETH's monthly returns in the first quarter after Bitcoin's halving. Source: Crypto Rover on X
Based on this historical data and the average price increases from 2017 to 2021, ETH could reach around $5,000 in January, about $6,400 in February, and it might soar to $14,336 per token by March.
Such a rise not only signifies a recovery but also has the potential to triple Ethereum's previous all-time high of $4,878 set in November 2021.
In addition to Ethereum, other altcoins like XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are expected to benefit from this market adjustment and consolidation.
Crypto Rover also warned altcoin holders, stating: 'Now is the worst time to sell. Our portfolio still has the potential to achieve 10x returns from here. The next three months will be incredible.'
Key support levels for ETH price
In addition to these bullish predictions, analyst Gabriel Maur also weighed in on Ethereum's current price trend, highlighting key support levels between $2,800 and $2,900.
Analysts point out that the support structure has turned into resistance, and once broken, the resistance will become a critical support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.
As long as ETH stays above this key support area at weekly close, the likelihood of sustained upward momentum favors buyers.
Maur identified imminent targets of $4,093 and $4,868 (previous all-time highs), indicating that if ETH closes above these historical highs, it may enter a price discovery phase, with Fibonacci extensions suggesting further upward potential.
