Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum price is witnessing mounting challenges as short positioning in the cryptocurrency has ballooned in recent times. Notably, ETH short positions are up 40% in the last week, while they are up 500% in the last three months. It is worth highlighting that this is the highest level ever that Wall Street funds have been short Ethereum. Earlier this month, the crypto market got an indication of this bearish ETH positioning, as the digital asset crashed 37% in 60 hours amid Donald Trump’s proposed trade tariffs on Canada, China, and Mexico. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Interestingly, capital inflows to Ethereum exchange-traded funds (ETF) were significantly high in December 2024. In just 3 weeks, ETH ETFs attracted more than $2 billion in new funds, with a record breaking weekly inflow of $854 million. However, hedge funds’ positioning on ETH suggests that they are not very confident in the cryptocurrency’s short-term price outlook. Several factors could be at play for institutional investor’s waning interest in ETH. For instance, ETH is currently trading almost 45% below its current all-time high (ATH) of $4,878 recorded way back in November 2021. In contrast, Bitcoin (BTC) has had a stellar 2024, hitting multiple new ATH, and commanding a market cap that is almost six times larger than that of ETH. The Kobeissi Letter attributes ETH’s current lacklustre price performance to potential “market manipulation, harmless crypto hedges, to bearish outlook on Ethereum itself.” However, the market commentator indicates that this excessive bearish outlook may set ETH up for a short squeeze. They add: This extreme positioning means big swings like the one on February 3rd will be more common. Since the start of 2024, Bitcoin is up ~12 TIMES as much as Ethereum. Is a short squeeze set to close this gap? ETH Short Squeeze To Initiate Altseason? A short squeeze on ETH could teleport its price to as high as $3,000, or even $4,000. However, according to seasoned crypto analyst Ali Martinez, ETH must defend the $2,600 support level to climb higher. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery Recent reports indicate that ETH has likely bottomed, paving the way for a trend reversal to the upside. Another report by Steno Research suggests that ETH is likely to outperform BTC in 2025, with potential targets as high as $8,000. That said, concerns still remain about the Ethereum Foundation regularly dumping ETH. At press time, ETH trades at $2,661, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
In the past week, Bitcoin recorded a net negative performance translating into a 5.73% decline in market prices. However, the premier cryptocurrency boosted its market dominance amid this turbulence as the altcoins suffered a larger collective loss. Interestingly, popular market analyst Egrag Crypto predicts Bitcoin Dominance could soon retrace indicating a potential short-term bust for the altcoin market. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Bitcoin Dominance Forms Adam & Eve Pattern – Key Levels To Watch As Bitcoin prices moved with much volatility in the past week, the asset’s crypto market dominance rose to 61.0%; meanwhile, Ethereum and other altcoins saw their market shares shrink by 1.99% and 2.38% respectively. Commenting on this development, Egrag Crypto notes that Bitcoin Dominance has now completed an Adam and Eve Pattern highlighting certain significant levels for its future trajectory. Generally, the Adam and Eve Pattern is a bullish reversal chart pattern that consists of two distinct bottoms. The highest point between these troughs acts as a resistance which a price break above confirms a bullish trend. Recently, Bitcoin Dominance moved above this neckline resistance (59%). However, Egrag Crypto explains a stronger resistance lies at 62.30% capable of forcing a pullback to around 61.50%. However, if Bitcoin Dominance fails to hold at this critical support level, a more pronounced decline could be in store, potentially driving Dominance to around 57%. In line with basic market dynamics, Egrag Crypto’s projection proving true would translate to a rise in altcoin market shares indicating a potential boost in altcoins prices in the short term. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? Is An Altseason Still Feasible? While Egrag Crypto’s prediction of a declining Bitcoin Dominance might mean some altcoins gain, the possibility of an altseason remains in the air. For context, the altseason marks a period in the bull run where altcoins outperform Bitcoin. This is indicated by a fall in Bitcoin dominance amidst a general surge in crypto asset prices. In a recent blog post, analytics firm IntoTheBlock highlights several factors: low level of network addresses, lack of real-world utility, and unfavorable macroeconomic conditions all of which are currently preventing the manifestation of an altseason. Notably, there is also an absence of compelling narratives such as NFTs or DeFi which served as bullish drivers in previous altcoin seasons. The analysts at IntoTheBlock postulate that until these issues are addressed, investors are likely to experience isolated price surges in e.g. memecoins rather than a widescale altseason. At press time, the crypto market remains valued at $3.13 trillion following a slight 0.07% increase in the past day. As earlier stated, Bitcoin maintains a 61.0% dominance, followed by Ethereum (10.1%) and other altcoins (28.9%). Featured image from Shutterstock, chart from Tradingview
After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading: Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin’s breakout from the $100,000 barrier for the first time in history. The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months. On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle “into a pretty interesting one.” The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing “plenty of demand for the time being.” Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is “what’s in the way of further expansion higher.” Daan also noted that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason is still ahead. He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly. Cycle Top Coming In Q4? Analyst Sjuul from AltcryptoGems shared an analysis of the total crypto market chart. The analyst stated that he doesn’t see the “warning signs” other investors and market watchers have mentioned online. From a technical perspective, the crypto market’s rally is a “straightforward support and resistance situation” since flipping the 2021 ATH level, which the market is currently holding. Sjuul compared this cycle to the previous one, stating that it technically is the beginning of the “real bull run.” Timewise, the chart presents various similarities between the two cycles, suggesting the top is around 230 days away. He explains that the 2021 breakout from the previous cycle’s top occurred 1,120 days from the 2017 ATH. Additionally, the 2021 cycle top occurred 1,400 days after the 2017 peak. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Meanwhile, this cycle’s breakout from the 2021 ATH happened approximately 1,120 days after the top, similar to the last cycle. If history repeats itself, this cycle’s timing suggests that the crypto market top is around 7-9 months away. Ultimately, the analyst projected the market peak to occur in Q4 2025 and potentially hit a market capitalization of $4.5 trillion. Featured Image from Unsplash.com, Chart from TradingView.com
According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs. Ethereum On The Brink Of A Massive Rally? While frustration may be getting the better of ETH holders due to the digital asset’s below par price performance over the past two years, there could still be a chance to witness a complete turnaround in ETH’s price trajectory. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders In a post on X, Titan of Crypto shared the following ETH weekly chart, illustrating how the digital asset has been consistently forming higher lows since 2022. If ETH maintains this trend, it could soon break through the crucial $4,000 level and potentially set new all-time highs (ATH) later this year. The analyst also applied Fibonacci extensions to estimate potential price targets, with the most optimistic projections reaching as high as $13,000 in 2026. Crypto trader Ted shared a similar outlook on ETH’s price action. According to Ted, once ETH reclaims the $4,000 mark, it could soon surpass its previous ATH. He further predicted that ETH could surge to $9,000 within 3 to 4 months. Additionally, he noted that US President Donald Trump’s recent ETH purchases could provide further upside momentum for the digital asset. Indeed, Trump’s decentralized finance (DeFi) project dubbed World Liberty Financial (WLF) has been on an ETH buying spree. In December 2024, WLF bought 722 ETH, worth $2.5 million at the prevailing market price. Technical analysis trader Alex Clay also sees ETH’s current downtrend as a potential buying opportunity. Clay highlighted that ETH has not only completed its falling wedge pattern but also successfully defended the $3,000 support level. He added: Time to reverse the short-term trend! Send $ETH to $4,000, $4,500, $5,000. ETH: An Overcrowded Trade? While the above analyses may offer hope to ETH traders, seasoned crypto analyst Ali Martinez cautions that the bullish head-and-shoulder pattern on ETH’s daily chart could be turning into an overcrowded trade. He added: If the pattern holds, any dip to $2,900 could be a buying opportunity, but keep your stop-loss tight between $2,700 and $2,500. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low That said, crypto analyst Mister Crypto recently remarked that Ethereum has “likely bottomed out” and could be on the verge of a breakout to the upside. At press time, ETH trades at $3,095, down 2.2% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Ethereum (ETH) appears to have ‘bottomed out,’ according to crypto analyst Mister Crypto. The analyst shared this observation as investor confidence in ETH continues to wane due to the digital asset’s relatively lackluster price performance in 2024. Is Ethereum Due For A Rally? Unlike Bitcoin (BTC) and Solana (SOL), which have surged in the past year by 146% and 154%, respectively, Ethereum has risen a modest 32% over the same period. As a result, ETH holders are understandably frustrated with the digital asset’s price action, with some whales liquidating their holdings at losses of up to $1 million. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery However, some analysts now believe it may finally be time for Ethereum to break out of its stagnation. Crypto trader Mister Crypto shared the following ETH/BTC monthly chart on X, showing ETH’s price bouncing off a long-standing trendline before entering a parabolic run. This analysis aligns with a recent report highlighting ETH’s four-year low of 0.031 against BTC on the weekly chart. A potential rebound from this multi-year support level could position ETH to outperform BTC in the short term. Crypto analyst Merlijn The Trader also identified a bullish falling wedge pattern forming on Ethereum’s 2-day chart. According to Merlijn, a breakout to the upside could make Ethereum’s next move “legendary.” For the uninitiated, a bullish falling wedge is a technical chart pattern that forms when an asset’s price consolidates between two downward-sloping, converging trendlines. It typically signals a potential trend reversal or continuation, with a breakout to the upside expected once the price moves above the upper trendline. In Ethereum’s case, its price must decisively break through the $3,400 level to confirm the bullish falling wedge pattern. Failure to do so could result in ETH falling to the next major support levels at $3,000 and potentially $2,400. Finally, seasoned crypto market commentator Poseidon offered a more macro perspective on ETH’s price action. The analyst noted that Ethereum has been trading within a range for the past four years. A breakout above the critical $4,000 resistance level could propel ETH beyond $10,000, based on Fibonacci price extensions. 2025: The Year Of Altseason? A full-blown altseason typically requires ETH to lead the market. Thus, a strong 2025 for Ethereum could significantly increase the likelihood of the eagerly anticipated altseason. Fortunately, many investors are optimistic about ETH’s prospects this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say In December 2024, analysts at brokerage firm Bernstein remarked that ETH’s risk-reward ratio has become increasingly attractive. Similarly, Steno Research predicted that ETH could outperform BTC in Q1 2025, with a price target as high as $8,000. However, the $4,000 resistance level remains ETH’s Achilles’ heel. At the time of writing, ETH is trading at $3,280, down 2.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of approximately 35% over the same period and remains 32% below its November 2021 ATH of $4,878. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery According to the weekly chart below from TradingView, the ETH/BTC trading pair — also referred to as the ETH/BTC ratio within the crypto industry — has reached a fresh four-year low. This decline has raised concerns about the likelihood of an Ethereum-led altcoin season. Currently trading at 0.031, the ETH/BTC ratio has erased all gains accumulated since March 2021. The pair peaked at 0.087 in December 2021, during the height of that year’s altcoin season. Since then, however, Ethereum, the second-largest digital asset by market capitalization, has experienced a steady decline against Bitcoin. In May 2024, the ratio fell below 0.054, a critical support level that had previously held firm in June 2022. Several factors have contributed to Ethereum’s underperformance, including Trump’s perceived preference for Bitcoin and the rising competition from rival smart-contract platforms like Solana (SOL). Unlike Bitcoin, Ethereum has struggled with adoption. Corporations worldwide are increasingly incorporating Bitcoin into their balance sheets, reinforcing BTC’s status as a premier digital asset. Additionally, speculation about the creation of a US strategic Bitcoin reserve has further bolstered the narrative around Bitcoin’s limited supply, driving its price higher. Conversely, Ethereum’s relatively high issuance rate has cast doubt on its “ultrasound money” narrative. Ethereum’s 2024 performance has also eroded confidence among some of its largest holders. Notably, an ETH whale recently sold 10,070 ETH at a $1 million loss, signaling waning investor trust. Will 2025 Change Ethereum’s Fortunes? While 2024 was a challenging year for Ethereum in terms of price performance, crypto analysts remain optimistic about the asset’s prospects in 2025. For example, a report by Steno Research predicts that Ethereum could surge to as high as $8,000 this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Similarly, crypto analyst Daan forecasts that the ETH/BTC trading pair could rise above 0.04 during Q1 2025. In December 2024, Ethereum exchange-traded funds (ETFs) experienced renewed interest from institutional investors, fueling hopes for significant capital inflows into the smart-contract platform. That said, Ethereum must first overcome strong resistance at the $4,000 price level. At press time, ETH trades at $3,368, down 1.3% in the past 24 hours. Featured image from Unsplash, Charts from TradingView.com
After a red Monday, the crypto market seems to be moving toward a green end of the week, registering an 18.54% increase from this week’s lows. Altcoins have broken out of a bullish formation, fueling investors’ optimism about the upcoming Altseason. Related Reading: XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? Altcoins Final Shakeout ‘Completed’ On Friday, the crypto market recovered from its recent correction, with Bitcoin (BTC) reclaiming the $100,000 mark after days of hovering below this resistance level. Similarly, The King of Altcoins, Ethereum (ETH), reclaimed the $3,400 range after dipping below a key support level earlier this week. Other leading altcoins like Solana and XRP have also gained bullish momentum, with the former reclaiming crucial levels and the latter nearing its all-time high (ATH). Notably, the total crypto market capitalization, excluding BTC and ETH, surged 4% in the last 24 hours, hitting its highest point since the December retraces. Altcoins broke out on a three-year downtrend during the November-December rally, surging to $1.1 trillion, its highest market cap since 2021. However, the sector struggled to record significant gains after the end-of-year corrections, dropping around 25% from the post-election highs. Despite the performance, several crypto analysts predicted that Alts would see a bullish start to the year. On Monday, Altcoins fell to its lowest price range in weeks, dipping to a $900 billion market cap, but is now retesting last month’s highs. Amid the current performance, Titan of Crypto suggests that the “final shakeout seems completed.” The analyst previously asserted that the “grand finale” was around the corner, signaling that alts were about to explode. Alts Following Q1 2024 Performance? Recently, the analyst pointed out that a golden cross is “imminent” in the Altcoins chart. According to the post, “It’s only a matter of time before FOMO kicks in,” as 2021’s golden cross, which occurred at the start of that year, kickstarted a massive Altseason. Titan of Crypto added that early 2025 “could echo the explosive Altcoins rally of early 2021,” noting that the crypto market’s performance seemed to resemble its performance from four years ago. Meanwhile, crypto investor Miky Bull noted that Altcoins seems to be repeating its Q1 2024 playbook, which could lead to a “rally déjà vu.” Per the chart, the sector broke out of a multi-month trendline at the end of 2023 before a brief correction period and retest of the new levels. Then, Altcoins exploded at the beginning of Q1 2024, rallying until March, which is “the cogent reason that this Altseason might run till March.” Related Reading: Chainlink ‘Ready To Breakout’: Analyst Eyes $50 Target Amid Whale Accumulation The investor asserted that Altcoins market cap “has just completed its retest Expansion phase in full force loading,” as the crypto market capitalization, excluding the top ten tokens, had broken out of a 42-day accumulation period, which meant that “alts rally will follow.” Similarly, analyst Jelle highlighted that Alts had formed a bullish pennant “right below all-time high resistance,” which could lead to a massive rally once it broke. After the recent surge, Altcoins have broken out of the bullish formation, leaving “price discovery just inches away.” Featured Image from Unsplash.com, Chart from TradingView.com
"Altcoin markets are currently a zero-sum player versus player game," market analyst and CryptoQuant CEO Ki Young Ju wrote.
After a phenomenal 2024, which saw XRP’s price surge from around $0.50 to as high as $2.90, the cryptocurrency is now range-bound, trading at $2.31 at the time of writing. However, a key pattern on the weekly chart suggests that XRP could be on the verge of another significant breakout. Half-Mast Flag Pattern Can Propel The Digital Asset To New Highs XRP, the fourth-largest cryptocurrency with a total market cap of over $134 billion at the time of writing, had a spectacular 2024. The digital asset’s price increased more than five times in less than two months, following its victory in a key lawsuit against the US Securities and Exchange Commission (SEC). Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon In a recent post shared on X, veteran trader and analyst Peter Brandt shared his thoughts on XRP’s potential future price trajectory. Brandt highlighted the formation of a ‘half-mast flag’ pattern on the weekly timeframe, adding that a bullish completion of the pattern may propel XRP to new highs. He noted: Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible. For the uninitiated, a half-mast flag is a continuation pattern in trading where the price forms a sharp upward movement followed by a brief, shallow consolidation that resembles a flag, typically sloping against the prevailing trend. When the price breaks out of the consolidation phase, it often signals a continuation of the uptrend, potentially leading to higher prices. According to Brandt, a bullish completion to the pattern – a breakout to the upside – could push XRP’s total market cap to $500 billion. If other cryptocurrencies remain range-bound, a $500 billion market cap would make XRP the second-largest digital asset by market cap, surpassing Ethereum (ETH), which currently holds a market cap of $416 billion. However, it’s important to note that in the case of a bearish completion of the half-mast flag pattern, XRP’s price could break down to previous lows, potentially falling to a market cap of around $28 billion. XRP Primed For Major Gains Meanwhile, crypto analyst Mikybull outlined multiple price targets for XRP on the daily timeframe, using Fibonacci extension bands. According to the analyst, a breakout for XRP “is imminent,” with targets as high as $3.74. Similarly, Egrag Crypto recently predicted that XRP may surge to $15 according to the Elliott Wave theory. Further, on-chain data indicates that XRP whales are buying every dip in anticipation of a major rally in the coming weeks. Related Reading: XRP Could Skyrocket 470% If History Repeats, SuperTrend Indicator Suggests That said, concerns remain about XRP bulls’ inability to decisively break through the $2.35 resistance level. At press time, XRP trades at $2.31, down 4.5% in the past 24 hours. Featured image from Pexels, charts from X and TradingView.com
Digital asset prices may still see substantial gains before the market corrects, the analyst said.
Ethereum has surged by 2.75% in the past day as the crypto market continues to experience a general price rebound in 2025. Notably, data from Ethereum investors’ activity shows a corresponding rise in bullish sentiments with anticipation of a sustained uptrend in the short term. Related Reading: Ethereum Predictions 2025: Expert Shares His Projections Ethereum […]
After weeks of consolidation, Ethereum (ETH) appears to be breaking out to the upside from its $3,200 to $3,500 trading range. Bullish technical indicators on the ETH chart, coupled with strengthening fundamentals, suggest significant upside potential for the second-largest cryptocurrency by market cap. Is Ethereum Eyeing $4,000 Target? Last month, Ethereum attempted to breach the […]
With the new year approaching, some analysts forecasted a “very bullish” 2025 for Altcoins. The sector is expected to explode soon and kickstart the long-awaited “Altseason” after retesting a key support level. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Altcoins Retest Key Support Level Amid the recent market’s performance, many Altcoins have struggled to record significant gains. However, several market watchers forecasted the start of the altcoin will come as soon as January 2025. Fueled by the post-US election pump, the total crypto market capitalization, excluding Bitcoin and Ethereum, broke out on a three-year downtrend in mid-November, surpassing its yearly high of $788 billion. During this month’s rally, the sector surged to $1.1 trillion, its highest market cap since 2021. Since then, Altcoins has struggled over the last two weeks, dropping nearly 26% as Bitcoin lost the $100,000 mark but remains above a key level despite the recent performance. Crypto Jelle pointed out that the sector broke out and retested its “major trendline while destroying all leverage in the process.” The analyst highlighted that funding was “completely reset,” sentiment has been at its lowest, and the chart seems promising, adding he is “Very bullish for 2025.” He also noted that Altcoins’ price action is “very similar” to Bitcoin’s first major pullback of 2021. Per the chart, the flagship crypto had a “strong rally, pullback, lower high, and chopping below the first low” before breaking out to new highs. Based on this performance, Altcoins’ pullback is seemingly over, they “should start pushing back up soon if this keeps playing out the same.” Similarly, Michaël van de Poppe stated, “The correction is almost over, and the time for up only is on the horizon for Altcoins and Bitcoin. Expecting a lot to come.” Altseason To Follow 2021’s Playbook? Titan of Crypto asserted that Altcoins are set to explode soon, suggesting that “the grand finale is around the corner.” Per the analyst’s chart, Altcoins have been in a two-year cup and handle pattern, breaking out of the pattern’s upper line during the recent market highs. According to the pattern, Altcoins, excluding ETH, could see a 200% to a market capitalization of $1.4 trillion, surpassing 2021’s high of $1.13 trillion. The analyst also pointed out that, ahead of its 2021 rally, the sector saw a similar performance. In 2020, Altcoins broke out in November and saw a significant 30% drop in early December, followed by a four-week recovery. Then, they recorded a 143% surge in January 2021, which led to other three-monthly green candles before the first major retrace. Related Reading: Top Crypto Assets For Q1 2025: Grayscale Reveals The Best Altcoins Similarly, they’ve experienced a 26% drop this December, currently being on the third week out of the expected four-week recovery period. To the analyst, “Early January could mark the start of an ‘up only’ season.” Lastly, Titan of Crypto added that, during the last two cycles, Altcoins’ initial rally lasted between 140 and 175 days, suggesting that this cycle’s rally could hit a new high around April or May. If it were to follow the past cycles’ performance, it could see a first pump around Q2 2025 before peaking in Q4. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum (ETH) – the second-largest cryptocurrency by market capitalization – may finally seize its moment in Q1 2025. Crypto experts have taken to X to share their analyses of a potentially bullish start to the new year for ETH. Ethereum Bullish Price Action In Q1 2025? Although Ethereum is up by almost 43% on a year-to-date (YTD) basis, its performance pales in comparison to Bitcoin (BTC) which has appreciated by more than 115% in the same period. In addition, various alternative Layer-1 blockchains, such as Solana (SOL) and SUI have vastly outperformed ETH throughout 2024. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? However, the momentum may soon shift in ETH’s favor, as experts suggest that Q1 2025 could mark a bullish phase for the world’s leading smart contract platform. According to crypto analyst Crypto Bullet, ETH appears to be forming a bullish pennant on the daily chart, with a potential breakout to $6,000 expected by March 2025. Similarly, cryptocurrency expert Anup Dhungana highlighted another bullish pattern forming on the weekly chart. He pointed to an inverse head-and-shoulders pattern – a widely recognized bullish indicator that suggests an impending price surge. Based on Dhungana’s analysis, ETH could soar to as high as $8,000 by May 2025. However, he also warned that the digital asset may first experience a dip to $2,800 before reaching new all-time highs (ATH). Veteran crypto analyst Quinten Francois also shared an interesting perspective. He noted that ETH has historically recorded exceptional gains during Q1 of the year following a US presidential election. If this historical pattern holds, Q1 2025 could be extraordinarily bullish for Ethereum. ETH Staking To Create Supply Crunch? In addition, Galaxy Research shared some price predictions about Ethereum heading into 2025, saying that the digital asset will trade above $5,500 in 2025 due to potentially favorable regulations surrounding staking and decentralized finance (DeFi). Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory Galaxy Research also projected that Ethereum’s staking rate will surpass 50%, creating a supply crunch that could trigger a sharp price increase. The firm explained: The Trump administration is likely to offer greater regulatory clarity and guidance for the crypto industry in the U.S. Among other outcomes, it is likely that spot-based ETH ETPs will be allowed to stake some percentage of the ETH they hold on behalf of shareholders. Demand for staking will continue to rise next year, and likely exceed half of Ethereum circulating supply by the end of 2025, which will prompt Ethereum developers to more seriously consider changes to network monetary policy. Additionally, Galaxy Research suggested that the ETH/BTC trading pair will close 2025 trading above 0.06, buoyed by anticipated regulatory tailwinds. A rise in this trading pair from its current lows of approximately 0.03 could serve as a catalyst for the much-awaited altseason. Recent analysis by crypto analyst Carl Runefelt also foresees a big move for ETH at the beginning of the new year. At press time, ETH trades at $3,345, down 0.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
AI cryptocurrencies have dropped nearly 30% in value, but analysts forecast a potential recovery during the 2025 altcoin season.
On December 23, US spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced significant outflows totalling $226 million, while Ethereum ETFs saw inflows of $130 million. The stark contrast in net flows between these two ETFs has sparked discussions among crypto analysts about whether an altcoin season might be on the horizon. Capital Flow Pivots From Bitcoin […]
While Ethereum (ETH) has once again failed to break through the stubborn $4,000 resistance level, BlackRock’s iShares Ethereum Trust ETF has quietly accumulated over one million ETH. This milestone reflects strong institutional demand for Ethereum, even as its price performance in 2024 remains lackluster. Institutional Interest In Ethereum On The Rise Year-to-date (YTD), Ethereum – […]
Bitcoin (BTC) tumbled from a high of $108,135 on December 17 to $99,500, following US Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks yesterday. However, some crypto analysts are pinning their hopes on a potential decline in Bitcoin Dominance (BTC.D) that may pave the way for an altseason. What Caused The Crypto Market Crash? Since […]
Despite surging more than 65% on a year-to-date (YTD) basis, Ethereum (ETH) has been overshadowed by Bitcoin (BTC) and other cryptocurrencies like Solana (SOL) and XRP due to their extraordinary price gains throughout 2024. Analysts are increasingly bullish on ETH, projecting five-figure price targets for the second-largest cryptocurrency. Ethereum To Finally Get Its Moment? The […]
Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh In While cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP have experienced explosive growth this year, ETH’s price momentum has been relatively subdued. According to CoinGecko, Ethereum has recorded gains of 62% over the past year, falling short compared to other trending digital assets. Related Reading: Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 – Is Altseason In Sight? However, ETH’s performance relative to other cryptocurrencies has not deterred ETH bulls from aiming for new ATHs for the cryptocurrency. For instance, seasoned crypto analyst Pentoshi recently took to X to explain the significance of ETH’s “structural changes” and the consistently large inflows attracted by spot ETH exchange-traded funds (ETFs). Pentoshi noted that Ethereum has not only recorded a higher high on the weekly chart, but also had its highest weekly close of the year. The analyst added that, given its current price of slightly below $4,000, there is not much resistance to ATH, which “should act as a magnet” for further gains. Another crypto analyst, @CryptoPoseidonn highlighted that ETH is set to break out of its “4-year, 1,460-day range to the upside.” In a chart, the analyst marked out the different Fibonacci extension levels to identify potential price targets for ETH. According to the chart, ETH can rise to $6,000 at the 1.272 extension level, $7,400 at the 1.618 extension level, and $11,400 at the 2.618 extension level. ETH can rise “much higher, far beyond your worst nightmares,” the analyst added. In a shorter time frame, Satoshi Flipper, another well-known analyst, emphasized that ETH attempts to break through an ascending channel in the 4-hour chart. He suggested that the current price, sitting on diagonal channel support, might present a “nice entry” point, predicting that the next impulsive move could take ETH to $4,400. ETH Bulls Cautiously Optimistic Although there is high anticipation for a new ETH ATH, some experts opine that there may still be a few hurdles before the digital asset records a new ATH price. For instance, ETH crossing the $4,000 level may lead to increased risks of profit-taking, potentially resulting in a short-term correction. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains However, Ethereum’s fundamentals remain robust, adding to its bullish outlook. For instance, ETH active addresses and large value transactions have shown an uptick, reflecting increased on-chain activity during the recent rally. Additionally, some analysts believe ETH could follow a trajectory similar to Bitcoin’s 2021 bull run, with the potential to reach $10,000. ETH trades at $3,847 at press time, down 3.9% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Ethereum (ETH) surged past $4,000 earlier today for the first time since March 2024. Having surpassed a key price level with a golden cross, analysts are confident that this could signal the beginning of the highly anticipated altcoin season. How Far Can The Golden Cross Push Ethereum? Ethereum, the leading smart contract blockchain saw its native ETH token rise beyond $4,000 today. What’s interesting is that ETH is not only showing signs of strength against USDT but also against Bitcoin (BTC). Related Reading: Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction In the ETH/BTC daily trading chart below, it can be seen that ETH has been making gains against the top cryptocurrency. The ETH/BTC trading pair has surged from 0.032 on November 21 to 0.04 at the time of writing. Continued strength against BTC is important for any potential upcoming altseason — a period marked by altcoins outperforming BTC as the latter continues to trade sideways within a range. Crypto analyst @venturefounder took to X to confirm that ETH has completed its first golden cross of the year on the daily chart. The analyst highlighted the bullish momentum a golden cross can impart to ETH’s price, stating: Last time this happened, Ethereum was still in the consolidation stages of the bear market but it still went +129%. In the 2021 bull market, the last goldencross took ETH +2,323%. For the uninitiated, a golden cross in trading is a bullish technical indicator that occurs when a short-term moving average crosses above a long-term moving average. In ETH’s context, the 50-day MA has crossed above the 200-day MA, a sign of a strong rally or trend reversal. Another crypto analyst Altcoin Sherpa indicated that if ETH decisively breaks through the $4,000 level, its next resistance level could be around the $4,800 to $5,000 price level. According to CoinGecko, ETH’s current all-time high (ATH) value is $4,878 recorded back in November 2021. It is also worth highlighting that Ethereum exchange-traded funds (ETF) are finally starting to get attention from institutional investors. According to data from SoSoValue, US-based spot ETH ETFs attracted $428 million in daily total net inflows on December 5. Altseason On The Horizon? Bitcoin dominance (BTC.D), a key metric often used to determine the onset of the altseason has been on a continual decline over the past three weeks. BTC.D has crashed from about 61% to 55%, indicating strong recent performance by altcoins against BTC. Altcoin’s resilience during yesterday’s BTC flash crash to $90,500 is another bullish sign hinting toward a potential altcoin rally in the coming days. In addition, altcoin analyst Crypto Amsterdam noted that it may be time for mid-cap altcoins to start their parabolic cycle. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains With high anticipation for an Ethereum ‘god candle’ that may catapult the digital asset to $5,000, the coming days are bound to be exciting for altcoin bulls. At press time, ETH trades at $4,000, up 2.5% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.
SUI trades at crucial supply levels, sparking intense speculation among traders and analysts about its next move. After recently reaching a new all-time high (ATH), the price failed to sustain above its previous ATH, raising concerns about whether this was a genuine breakout or merely a fakeout. The current price action has left market participants waiting for confirmation as bulls attempt to reclaim dominance. Related Reading: Dogecoin Is ‘Ready To Run Again’ – Analyst Expects 60% Rally Renowned analyst and investor Carl Runefelt has shared a bullish outlook for SUI, predicting an imminent breakout. According to his analysis, a successful push above the current supply levels could trigger a rally toward $4.20 in the coming days—or potentially within hours. Runefelt’s perspective adds confidence to the market sentiment, suggesting that SUI still holds the potential to reclaim its upward trajectory despite recent setbacks. The coming days are crucial for SUI as traders monitor whether bulls can overcome the key resistance levels. A decisive breakout could solidify SUI’s position as one of the most promising assets in the crypto market. At the same time, a failure to do so might result in prolonged consolidation or a deeper pullback. All eyes remain on the $4.20 target and SUI’s bullish momentum. SUI Only 5% Away From ATH SUI recently surged to a new all-time high (ATH) but failed to hold above the previous ATH of $4.05 set on November 17. Despite this brief pullback, the price action indicates that SUI remains poised to reclaim and surpass its ATH, with analysts and investors expecting significant upside momentum shortly. Top analyst Carl Runefelt provided a detailed technical analysis on X, highlighting that SUI recently broke out of a 4-hour symmetrical triangle pattern, signaling bullish momentum. SUI trades within a bullish flag formation, a classic continuation pattern often preceding substantial price rallies. Runefelt has set a price target of $4.20 in the coming hours, which he believes could act as the next major resistance before SUI establishes new highs. The broader market environment adds further confidence to this bullish outlook. With strong momentum, Bitcoin’s breakout above the $100K level has historically triggered altcoin rallies as liquidity flows from BTC into smaller assets. This dynamic positions SUI for a potential surge as it benefits from heightened interest across the cryptocurrency market. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H – What This Means To Price While the short-term outlook for SUI appears bullish, the price must break and hold above its previous ATH to confirm sustained upward momentum. All eyes are on $4.20 as traders await the next move in SUI’s exciting rally. Price Discovery Rally Or Settling Correction? SUI is trading at $3.83 after briefly breaking its all-time high (ATH) but retracing over 6% from the recent peak. Despite the pullback, the price remains within striking distance of key resistance levels that could determine its next move. If SUI breaks above $3.88 and successfully reclaims the November 17 ATH at $3.94 as support, it will likely trigger another breakout, setting the stage for a price discovery rally. Reclaiming and holding these levels would signal strong bullish momentum, potentially driving SUI into uncharted territory as buyers fuel the next leg of its rally. Such a scenario would align with the broader market sentiment following Bitcoin’s recent rally above $100K, which has historically increased demand for altcoins. Related Reading: Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong However, there is a risk if SUI fails to break above $3.88 and $3.94 in the near term. A rejection at these levels could result in continued consolidation as the price struggles to find direction. This would likely keep SUI trading within a range, frustrating bulls seeking a breakout. Worse, a failure to maintain support could lead to a deeper correction, testing lower demand zones and cooling market enthusiasm. Featured image from Dall-E, chart from TradingView
Ethereum (ETH) appears to be finally waking up from its slumber as the second-largest cryptocurrency by market cap has jumped 8% in the past 24 hours, surpassing the key $3,800 price level. Is An ETH God Candle On The Horizon? Ethereum’s rise appears to align with declining Bitcoin (BTC) dominance. This important metric is tracked to gauge the proportion of the total crypto market cap commanded by the top cryptocurrency. Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory According to the chart below, BTC dominance has been falling dramatically over the past two weeks – sliding from 61.1% on November 20 to 54.9% at the time of writing. As previously reported, trading firm QCP Capital highlighted BTC dominance sliding below 58% as a key condition that could signal the onset of the altcoin season. With ETH now surpassing the $3,800 level, analysts are weighing in on how far the digital asset can rally. Crypto analyst @venturefounder shared his target for ETH on X, pointing to a prolonged cup-and-handle pattern forming for ETH since November 2021. He noted that if ETH decisively breaks $3,800, it could climb as high as $7,346. Similarly, crypto analyst Ali Martinez shared his insights on ETH’s recent price action. Martinez emphasized that the $3,300 support level could be a ‘potential buying opportunity’ should the digital asset pullback from its recent surge. Martinez added that his mid-term target for ETH remains $6,000, while the long-term target is $10,000. The analyst also highlighted the Ethereum network’s steady growth over the past month, with more than 134,000 new Ethereum addresses added daily. Another crypto enthusiast, @MisterSpread noted that if ETH breaks the $4,000 area, there is a “high chance we see a God candle to $5,000.” Indeed, ETH breaking out of a three-year long downtrend and attempting to establish a new all-time high (ATH) has piqued the attention of the entire crypto industry. Ethereum Fundamentals Continue Getting Stronger Although BTC has led much of the current crypto rally, experts believe Ethereum might be the time to shine due to the multiple positive developments in the top smart contract platform. For instance, Ethereum exchange-traded funds (ETF) are finally attracting large daily inflows, rivaling BTC ETFs consistently. Further, several proposed network upgrades – including the Ethereum Improvement Proposal-7781 and the possibility of reduction in the amount of ETH required to participate in network staking could serve as catalysts for ETH to hit a new ATH. That said, concerns remain about ETH’s ‘ultrasound money’ narrative due to the inflation surge witnessed in the cryptocurrency’s issuance rate. ETH trades at $3,820 at press time, up 8 % in the past 24 hours. Featured image from Unsplash, Charts from X.com and Tradingview.com
Major cryptocurrency assets, excluding Bitcoin, usually known as Altcoins, are currently demonstrating strong momentum, rising significantly to pivotal levels in the past few days. While there is the belief that the tokens are surging due to a drop in Bitcoin’s dominance, several seasoned market experts think otherwise. Has The Much-Awaited Altcoin Season Begun? In an insightful prognosis […]
Some cryptocurrencies are already displaying signs of an early altseason, including Hedera’s HBAR, which has rallied 763% in the past month.
Zach Rynes, also known as “ChainkLinkGod,” said that XRP is a “banker-themed memecoin” that failed to get traction.
CryptoQuant CEO Ki Young Ju says altseason is no longer determined by a capital rotation from Bitcoin but by a surge in altcoin trading volume for stablecoin pairs.
After recent robust bullish performances by several altcoins, multiple analysts have tipped the altseason to have begun, building momentum for a major price explosion in the coming weeks. Interestingly, popular analyst EGRAG Crypto has weighed in on the discourse around a highly-anticipated altseason, predicting a potential market inflow of $627 billion. Related Reading: Altcoins See Massive Inflows Amid Bitcoin’s Record Rally, But 2021 Bubble Warnings Persist Bitcoin Dominance To Crash By 33% As Altcoins Fly – Analyst In an X post on Friday, EGRAG Crypto provided valuable insight on the market growth potential of altcoins in the upcoming altseason. The analyst employed the Volume Range Visible Profile (VRVP), an analysis tool to identify key support and resistance levels based on trading volume, to study the trading activity of Bitcoin across different dominance levels. For context, the alt season is a period where altcoins significantly outperform Bitcoin in terms of price appreciation. It is characterized by a relative decline in Bitcoin’s market share as capital moves into other cryptocurrencies. As shown in the weekly chart below, EGRAG Crypto notes that Bitcoin’s dominance is closing below its Value Area High (VAH) i.e. the upper boundary of heavy trading activity which currently acts as a resistance zone. This development is particularly bullish for altcoins as it signals increasing selling pressure on Bitcoin which may weaken its dominance over other assets. Importantly, EGRAG Crypto also highlights the Value Area Low (VAL) i.e. lower boundary of heavy trading activity which is likely to act as support and target level for Bitcoin dominance in this altseason. According to values drawn by the analyst, BTC Dominance will decline by 33.04% if it reaches its Value Area Low. Therefore, considering Bitcoin’s current market cap of $1.91 trillion, the altcoins are likely to record new inflows of $627 billion in the forthcoming weeks. In addition, EGRAG Crypto also states Bitcoin Dominance will have a Point of Control (POC) target of 42% in this altseason. The POC represents a pivotal price/dominance level with the most trading volume and a decline below which signals a confirmative shift in market interest from Bitcoin to other cryptocurrencies. Related Reading: Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner? Ethereum Remains Key To Altseason Charge With more expert commentary on the altseason, analyst Michaël Van de Poppe has appraised the positive price performances of altcoins in the past month. Furthermore, the analyst states that if Ethereum (ETH), the largest altcoin by market cap, closes above 0.035 on the ETH/BTC chart for November, it will suggest a strong bullish period for altcoins in December. At the time of writing, the altcoin market remains valued at $1.39 trillion representing 41.4% of the total crypto market cap. Featured image from Medium, chart from Tradingview
Grayscale’s cryptocurrency gains are another sign of an incoming altcoin season, which may lead to an XRP rally of $2.57 before the end of 2024.