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As Ethereum (ETH) steadily breaks through the $3,300 mark, market analysts are beginning to predict a potential resurgence that could reshape the Altcoin landscape.
Currently, ETH's trading price is $3,321, and its resilience is quite remarkable, especially amid the broad market correction led by Bitcoin (BTC). The recent dip tested ETH's critical support level of $3,290, effectively preventing it from falling to the crucial psychological level of $3,000.
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Can Ethereum reach $14,000 by March 2025?
Crypto expert Crypto Rover boldly predicts that ETH will experience a "breakout" in the first quarter (Q1) of 2025, a forecast that has made headlines. His confidence is bolstered by the historical trends of Bitcoin's halving years, particularly in 2017 and 2021, when ETH experienced significant double-digit growth from January to March.
In 2017, Ethereum's monthly gains were impressive, with a 31.9% increase in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH's monthly gains were also remarkable, with 78.5% in January, 8.4% in February, and 34.7% in March.
According to the expert's analysis, these historical trends suggest that if Ethereum maintains its current price level for the rest of the year, it may follow a similar path in 2025.
Based on these historical data and the average price increase from 2017 to 2021, ETH could reach around $5,000 in January, $6,400 in February, and potentially skyrocket to $14,336 per token by March.
Such growth not only implies a recovery but could also potentially reach three times the previous all-time high of $4,878 set in November 2021.
In addition to Ethereum, other Altcoins such as XRP, Solana (SOL), BNB, and even meme coins like Doge (DOGE) are also expected to benefit from this market adjustment and consolidation.
Crypto Rover also warns Altcoin holders, "Now is the best time to sell. Our portfolio still has the potential to 10x from here. The next three months will be incredible."
Key Support Levels for ETH Price
Aside from these bullish predictions, analyst Gabriel Maur has also evaluated Ethereum's current price action, highlighting the critical support levels between $2,800 and $2,900.
The analyst points out that the support structure has shifted to resistance, and once breached, it will become a key support level. The upward trend shown by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.
As long as ETH remains above this critical support zone on a weekly closing basis, the likelihood of continued upside will be favorable for buyers.
Maur has identified near-term targets of $4,093 and $4,868 (the previous all-time high), suggesting that if ETH closes above the all-time high, it may enter a price discovery phase, with Fibonacci extensions indicating further upside potential.
