Ethereum (ETH) is set for a robust growth trajectory with a target of $5,500 by early 2025.
Bitcoin, meanwhile, just crossed the $71,000 mark this morning, following three months of steady consolidation around $60,000. This upward movement could signal the beginning of a fresh growth phase for the market.
ETH’s Path to $5,500: Since March 2024, ETH has been trading within the $2,000-$2,600 range, building a foundation for a potential rally. Should ETH manage to break above the $2,600 resistance level and approach $3,200, it may ignite a long-term upward trend, moving ETH closer to the $5,500 goal by 2025.
BTC Targets $72,000: Over the past six months, Bitcoin has been consolidating within the $60,000-$70,000 range. With BTC Dominance (BTC.D) projected to reach 60% this week, there are encouraging signs for a new bull phase for BTC, especially if it can break through to even higher price levels.
The convergence of these factors suggests that the crypto market is gradually laying the groundwork for an impending bull run, presenting valuable opportunities for investors. Follow us for more insights and updates from the crypto market!
