Ethereums Path to New Heights: A $15,300 Milestone by 2025?
- Ethereums price momentum hints at a rise to $7,000 soon, with potential to reach $15,300 by 2025.
- Key resistance breaks and bullish signals suggest ETH is primed for a significant upward rally.
- Ethereums long-term growth outlook remains strong, with expectations of surpassing previous all-time highs.
Ethereum (ETH) is starting to look like a solid long-term investment again and may very well be on its way to breaking its previous all-time highs in the near future. Recent market trends and technical indications point to the fact that Ether may Appreciate sharply to $15,300 by 2025.
In a recent post on X, Alan Santana is expecting Ethereum to perform well in the future. He said that the current cryptocurrency market is quite bullish, which is likely to lift the price of ETH way higher than it is now. However, he expects that Ethereum may return to $7,000 soon, and the price may grow to $11,000 or even $15,000 in the future. This could propel cryptocurrency to new highs in a significant rally to set another all-time high.
Ethereums Bullish Momentum
These positive trends are also inline with some of the recent bullish predictions being made about Ethereum. On 21th November, the cryptocurrency bounced back from the 20-day exponential moving average with a target of $3,042 and broke the key resistance level of $3,225. This upward movement is indicative of buyers slowly taking the drivers seat and ETH may continue to rise in the short term.
The technical indicators are also reflecting a further rise in the near future. The 20-day EMA is acting as a support and the RSI is still in the positive territory suggesting that the trend is bullish. A sudden surge past the downtrend line may usher ETH to a new high of $3,900 and even $4,094.
Source: TradingView
Ethereums Bearish Risks
If Ethereums price slips below $3,000, it will likely extend its losses to $2,850. This opening has provided the bears with an opportunity as cryptocurrency could extend its decline in the near term if it breaches the level. At the time of writing, ETH is trading at $3,372 which is 0.25% lower than the previous day.
Still, there is a common opinion that Ethereum has all the chances to continue the development trend in the long run. Based on the current trends, analysts are confident that token will surpass its current price ceilings by 2025; some of them expect the price to hit $15,000. Even in the charts of the emerging cryptocurrency market, ETH is still being monitored by investors and traders in the hope of more gain in the coming years.
Read more: https://www.tronweekly.com/ethereums-path-to-new-heights-a-15300-milestone/
Text source: TronWeekly
