Ethereum to $20,000 by january 2025 ? The crypto community believes it !

As the cryptocurrency market enters a new phase of acceleration, Ethereum, the second largest crypto in terms of market capitalization, has just crossed important technical levels, prompting renewed interest among investors and analysts.

A promising rebound for Ethereum

Since the beginning of September, Ethereum has shown clear signs of recovery after a long period of decline. According to new data, ETH has risen by 4 %, surpassing the $2,600 mark. This increase, following a prolonged downtrend that began in March 2023, seems to be restoring investor confidence. Ethereum is reconnecting with positive momentum, and the market seems ready to push the price even higher. As a result, investors are now focusing on the $2,800 resistance, a crucial level that could pave the way for a more marked increase.

This renewed interest in Ethereum goes beyond mere technical indicators. Indeed, Ethereum’s funding rate, a key indicator of buying pressure in the futures market, has also rebounded in recent days. After falling earlier this month, it’s once again approaching the 0.01 level, reflecting increased trader confidence. This recovery in funding rates suggests a possible extension of the upward trend, at least in the short term.

A bullish trajectory that divides

While some market players are decidedly optimistic about Ethereum’s future, others remain more cautious. The starting point for these debates comes from massive transactions carried out by several Ethereum whales. Indeed, two of them transferred more than $53.6 million of ETH to exchange platforms, fueling rumors of potential massive dumps. These significant moves could lead to an imminent sell-off, which could hinder Ethereum’s rise in the coming weeks.

Despite these uncertainties, Ethereum could follow a trajectory similar to that observed in 2023, where the crypto traded in a relatively stable range between $1,500 and $2,500 before entering a more pronounced bullish cycle. If it manages to maintain its current momentum, Ethereum could climb to $20,000 by January 2025, according to some analysts. However, this prediction remains conditional on the absence of major disruptions, notably in the global macroeconomic context.

The future of Ethereum looks uncertain but promising. On the one hand, technical indicators and renewed trader confidence favor continued price progression. On the other hand, the moves of certain whales and global economic uncertainties pose potential obstacles to watch closely.