Ethereum (ETH), the network, was recovering better than other parts of the market. ETH has slowly recovered from a loss of 15% or more over the course of the last month. The largest altcoin in the world was currently trading at 2,789.62 after a 2.08 percent rise within the last 24 hour. ETH rose from a trading low of $2.708 to a peak of $2.829.12 after a rise of 2.08% in the past 24 hours.
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Is $10,000 An Ambitious Bet?
The market has been influenced greatly by historic data. Ted Pillows – a cryptocurrency researcher – says that the comparison between Etheruem’s recent price movements and those of Bitcoin in a previous bull cycle reveal a known bullish trend. Based on the historical pattern, Ted Pillows is confident that Ethereum will hit $10,000 during this cycle.
The price swings of Ethereum seem to be resembling those of Bitcoin during the bull market of 2015–2017. Bitcoin reached its lowest point between $201 – $205 before stabilizing at $465 and overtaking the resistance. Then, between 685 and 785 it hit new highs.
In the same way, Ethereum’s accumulation period is over and it has only just broken through important resistance levels. This was according to an analyst. Ethereum’s value has fallen below $3,000 due to market declines and volatility. Ethereum’s value could reach a new high if history repeats.
Ethereum is set to rise over $10,000 during this cycle.
▫️ Highest TVL and stablecoin liquidity.
▫️ Institutional adoption and $ETH accumulation.
▫️ Lower inflation than BTC and 99% of the alts.
Now is the time to talk about $10,000 ETH instead of $5K. $ETH. pic.twitter.com/XnnuxIb9p7
— Ted (@TedPillows) February 19, 2025
Other factors such as increased demand from institutions and accumulation can also boost altcoin prices.
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Ethereum 2025 Price Forecast
The jump from ETH to $10,000 is still far off. However, the volatile nature of cryptocurrency has brought several new changes. According to CoinCodex data, Ethereum’s price is predicted to range between $1.992.92 and $ 6,552.71 per coin in 2025. It is expected to happen during the final quarter of this year. This could yield an investment return of up to 134.57% compared with the current rates.
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Source: watcher.guru
