It seems that Ethereum regains the momentum, showing remarkable recovery after regaining USD 3,200. The assets have increased by more than 5% over the past day, increasing market capitalization and daily trading volume.
This recent movement reduced the difference between the current Ethereum price and its highest level to 33%, giving investors the reasons why more attention should be paid. Different analysts considered potential implications of this price effect, offering a mixture of brief and long-term perspectives.
Analysts discuss key levels and future goals
Elite, a well -known cryptographic analyst, pointed out that Ethereum’s resistance appeared in the face of “Signals” from the federal reserve. Analyst wrote:
Despite yesterday’s Fed signals, ETH exceeded the $ 3200 mark, showing impressive immunity. But this is not all-the chain in the chain is growing.
According to Intotheblock data, lively Ethereum addresses have increased by 37% in the last few months, reaching 670,000 – significantly exceeding the level of 400,000 observed at the beginning of 2024.
This rapid enhance in network activity is perceived by some as a hint of growing demand and renovated momentum stubborn as the recent year develops.
Several other analysts have also divided their perspectives into the Ethereum price trajectory. Worldofcharts emphasized the consolidation of cryptocurrency within a tight range, creating a stubborn pennant.
He suggested that a successful break from this pattern could push Ethereum towards the resistance area worth USD 4000. This rising triangle level, previously described in its analysis, can be used as a key milestone for the trajectory of assets.
$ ETH #Eth Consolidating in a tight range of stubborn pennants, expecting that soon a breakthrough breakthrough when it comes to the successful breakthrough of Ethereum, it can aim at the growing triangle, which I recently made available ” https://t.co/gq5sybikfa pic.twitter.com/b36vrnn9qm
– World of Charts (@worldofcharts1) January 30, 2025
Ethereum on the road to a rally for $ 9,000?
Another outstanding analyst, TED, emphasized that the higher minima Ethereum on a longer time frame signals the strengthened structure of the stubborn. He identified $ 4000 as key, predicting that his recovery can open the door to the recent highest all time.
Ted went even further, forecasting that Ethereum can reach USD 9,000 to USD 10,000 in the next three to four months, if these stubborn conditions persist. This optimism is supported by an enhance in chain activity and constant interest in investors.
Ethereum creates higher minima in longer time frames.
USD 4,000 remains the most vital level and will send it back to recover $ ETH to the recent ATH.
When this happens, I expect Ethereum to reach $ 9,000 to $ 10,000 in 3-4 months. Trump will buy more and more
pic.twitter.com/c3ffvxh8xl
– ted (@tedpillows) January 29, 2025
A distinguished picture created from DALL-E, chart from TradingView
