In what has been an impressive performance for the cryptocurrency, Ethereum has gained 65% this year, leading many traders to ponder if ETH is bound for a $5,000 all-time high in the fast-approaching 2025. The second largest crypto by market cap could be set to truly make good on its incredible potential.
The asset has faced a notable price correction in recent days. The asset has fallen far below the $4,000 psychological level it had reached earlier this month. However, there are still high hopes for how it will fare in the coming year. With the entire sector set to get a boost, Ethereum should be one of the most important names on that list.
Source – Forbes
Also Read: Deutsche Bank to Build L2 Network on Ethereum
Ethereum to $5,000? Why Recent Corrections Won’t Deter ETH in 2025
It is nearly impossible to underscore how important this year has been for the cryptocurrency sector. With the impending return of Donald Trump to the White House, the industry is expecting favorable regulation in the coming year. That optimism has propelled Bitcoin to a six-figure landmark price for the first time in its history.
However, the ongoing bull rally has not been as kind to the second-largest cryptocurrency. Although it certainly has performed well, it has lagged behind. The question is, will that continue? Indeed, Ethereum has already gained 65% this year, with analysts eyeing the $5,000 landmark for ETH in 2025.
Source – Watcher Guru
Also Read: Is Solana (SOL) a Better Investment Than Ethereum (ETH)?
Ethereum has slowed some, with the asset down 6% in the last 24 hours, according to CoinMarketCap. However, it is still up more than 16% in the last 30 days despite trading at $3,615 and looking to stall notable upward momentum. Yet, it isn’t expected to stay that way, with the new year fast approaching.
According to the cryptocurrency price prediction platform CoinCodex, Ethereum is expected to reach a high of $4,318 in January. That should just be the beginning, as the asset is poised to increase above $4,800 just a month later.
It is easy to forget that Ethereum is the second crypto-based ETF in the United States after Bitcoin. Amid Trump’s second term, it should continue to shine. That could manifest into what analysts project to become an all-time high above $7,500 by the end of 2025.
