Ethereum Price Last Crash Before ETH Hits Five Digits

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A knowledgeable source asserts that the latest plunge in Ethereum prices marks the final dip, and what follows is a rapid upward trend (bull market) driving ETH towards five-digit figures. Despite the recent decline, large investors appear to have purchased Ether at reduced costs, a move known as “buying the dip.” This activity strengthens the belief that a rebound rally could be imminent.

Ethereum Price Prediction: Was ETH’s Recent Crash it’s Last Drop?

Cryptocurrency analyst and influencer, Immortal, recently stated on platform X that the 14.60% price drop observed between December 16 and 20 might be the final significant dip before a recovery. In his analysis, he draws parallels between ETH’s recent decline and the crash in early 2024, followed by an impressive upward trend. If Ether follows this historical pattern, according to Immortal’s forecast, it could potentially reach values within the five-digit range.

ETH/USDT 12-hour chart

Ethereum Whales Accumulate 160,000 ETH 

Regardless of whether this dip will be the last one or not, investors need to note that whales were busy buying ETH during the market turmoil. Data from Santiment shows that addresses holding between 10,000 to 100,000 ETH bought 160,000 between December 17 and 21.

This frequent action by major investors usually indicates their optimism about the future performance of the asset being held, such as Ethereum in this instance.

President-elect Donald Trump Acquires $2.5M Worth of ETH 

On December 20, it was revealed that President-elect Donald Trump’s World Liberty Financial had acquired approximately 759.361 Ether, equivalent to around $2.5 million, according to on-chain data. This situation seems consistent with the previously discussed bullish outlook. Given the high demand for Ethereum, any potential drop in value might prove temporary.

Therefore, those considering a hasty sale due to panic, might want to reassess and look out for reliable indicators before deciding to part with their assets.

Will Ethereum Hit Five Digits?

As per the views of well-known analyst Michael van de Poppe, his Ethereum price forecast for the year 2025 indicates a potential range between $15,000 and $25,000 for each ETH unit.

According to another analyst, Jelle, if Ethereum fails to hold the $4,000 level as a support, then all previous expectations or assumptions about its price could potentially be invalidated.

According to the analysis of “Venturefounder,” Ethereum has been stabilizing within a triangle pattern that’s been forming over the past three years. If Ethereum breaks out from this triangle, it could potentially surge in value. The projected timeframe for Venturefounder’s Ethereum price target is within the next seven years.

As a researcher, I am also drawn to the perspective presented by Venturefounder, suggesting that Ethereum’s price may replicate its impulsive breakout from the period between 2016-2017. This potential repeat could propel the cryptocurrency to a new all-time high (ATH) with a predicted target of $15,937 by May 2025.

3 years of stability for Ethereum and ETH may usher in a fresh phase, as this consolidation period mirrors the previous 7-year consolidation phase.

As a seasoned crypto investor, I’m optimistic that Ethereum could replicate the impulsive surge it experienced post-2016, similar to its journey towards an all-time high (ATH) in 2017. This potential breakout could propel its value to new record heights.

Price Target: $15,937 by May 2025

— venturefounder (@venturefounder) December 2, 2024

In summary, the future perspective on Ethereum’s price is overwhelmingly optimistic, as industry specialists and analysts predict a five-digit value for ETH, even after the recent market downturn.

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2024-12-21 17:26