Ethereum Price Forecast: Could ETH Reach $4000 in Early 2025?

• Cryptoanalyst BATMAN noted that the price of Ethereum has historically shown a strong performance in the first quarter of the year following the Bitcoin halving.
• The rise in demand for spot Ethereum ETFs shows growing institutional interest and could serve as a catalyst to drive further growth.

Ethereum price has bounced back strongly by 4.4% in the last 24 hours following a broader crypto market rally, eyeing a current break above $3,500 for further gains to $4,000 and beyond. On the 4-hour chart, ETH price is already showing bullish price action after the triangle breakout leading to bullish action.

Ethereum posted six consecutive bullish candles, climbing 3.17% from its local support trendline and rising from $3,333 to a current price of $3,437.

Ethereum price broke the local resistance trend line as it crossed the 20 and 50 EMA lines. With this uptrend in the last 24 hours, ETH is now approaching the 100 EMA line. In addition, the price also broke above the short-term resistance level of $3,415, supported by a bullish breakout from the dynamic resistance line.

A look at the four-hour RSI levels shows a jump to 60.32, reflecting growing bullish momentum. With the RSI approaching the overbought zone, there is increasing buying pressure, while a potential bullish crossover between the 20 and 50 EMA lines further increases the likelihood of a sustained uptrend.

Another crypto analyst, BATMAN, noted that the price of Ethereum has probably bottomed out. The chart below shows a strong reversal after support in the $3,000-$3,200 range. Highlighting Ethereum’s historically strong first-quarter performance in the years since Bitcoin’s halving, the analyst notes that the current setup positions ETH for a potential upside move, according to the CNF report. According to the chart below, the two next resistances for ETH would be $3650 and $4000.

Will the price of Ethereum rise to $10,000 by the end of 2025?

Although the price of Ethereum is expected to immediately rise to $4000, crypto market analysts point to even higher targets for ETH this year in 2025. Well-known crypto analyst Crypto Patel expressed optimism about the long-term potential of Ethereum ($ETH), predicting a price target of $10,000 in the next 8-12 months. “The trip to the moon isn’t over yet – fasten your seatbelt accordingly!” the analyst stated.

On the other hand, demand for spot Ethereum ETFs is on the rise, especially after the victory of Donald Trump in the US presidential election in November 2024.

A major development in 2024 was the launch of BlackRock’s iShares Ethereum Trust (ETHA), which quickly became a dominant player in decentralized finance (DeFi) and NFTs. With more than $1.3 billion in inflows and $3.2 billion in assets under management, ETHA highlights the growing recognition of Ethereum as a serious investment asset, moving beyond its beginnings as a technology platform, CNF reported.

Ethereum ETF flows have seen a significant increase amid the ongoing market recovery. On December 31, US spot Ethereum ETFs recorded a total net inflow of $35.93 million. Fidelity led the bullish trend, contributing $31.77 million to the total, while Grayscale’s Mini Ethereum Trust saw a strong inflow of $9.77 million.