Economist Forecasts Ethereum Reaching $5,700 by Specified Date
In the cryptocurrency market, Ethereum (ETH) is making headlines with analyst predictions pointing towards a potential record-breaking surge in the coming months. According to TradingView analysis by Master Ananda, Ethereum could hit new highs above $5,000, potentially extending to $8,000 by the end of 2025.
Since November 2021, Ethereum has been consolidating in a descending triangle pattern. However, recent developments suggest that the digital currency is showing resilience and holding firmly above the key support level of $2,500. ETH briefly dipped below the $2,425 support level but quickly reclaimed it, signalling strong buying pressure.
Master Ananda's analysis suggests a minimum target around $5,791 if Ethereum breaks above key resistance levels and follows a bullish breakout pattern. This forecast aligns with an analysis based on the Wyckoff accumulation pattern and improving on-chain fundamentals, indicating a potential parabolic rise beyond $5,700 after initial resistance tests around $3,000 and $4,000 during 2025.
Additional TradingView-related forecasts from CoinPedia indicate that Ethereum could reach a high of $5,925 by the end of 2025 in an optimistic scenario driven by network growth and increased adoption. On the other hand, a bearish scenario could see ETH drop to around $2,917 if negative sentiment and lack of updates dominate.
The key support level for Ethereum is currently $2,500, while the key resistance level to watch is around $3,068, the 0.618 Fibonacci retracement. The next major resistance for Ethereum lies near the $2,800 and $2,900 range.
April 2025 marked a lower low, forming a rounded bottom structure at the $2,425 support level. This structure, combined with the pattern of rising lows from June 2022 to April 2025, suggests mounting upward pressure. A successful retest and bounce from $2,500 could pave the way for a breakout toward the $2,800 and $2,900 levels.
Ananda noted that momentum could potentially carry ETH as high as $8,500. Market watchers will be monitoring how Bitcoin interacts with the $2,500 zone.
At press time, Ethereum was trading at $2,522, having remained relatively stable over the past 24 hours, but was up more than 3% over the past week. The projection for Ethereum is based on its long-term weekly charts.
In summary, the projected price range for ETH by the end of 2025, according to Master Ananda's TradingView analysis, is roughly between $2,917 (bearish) and $5,925 (bullish), with a minimum breakout target of approximately $5,791 if key resistance levels are overcome.
- In the crypto finance world, Bitcoin and Ethereum are both subjects of interest, with analyst predictions suggesting that Ethereum (ETH) could surpass $5,000 and potentially reach $8,500 by the end of 2025.
- With Ethereum trading at $2,522 as of press time, it strengthened towards the key support level of $2,500, and recent developments indicate that ETH might display resilience in the face of potential resistance levels.
- As Bitcoin interacts with the $2,500 zone, market watchers will be keenly observing to understand its implications on Ethereum's price movement, given how investing in cryptocurrencies like Ethereum is increasingly influenced by technology advancements and market trends.
