The post Ethereum’s January 2025 prediction – Here’s how far $4000 REALLY is appeared on BitcoinEthereumNews.com.
Ethereum rebounded and reclaimed a previous support of $3.5k on the charts Will positive seasonality trends in January extend ETH’s recovery? Ethereum [ETH] rallied by 4% on Friday and in doing so, reclaimed its December range-lows – A move that signaled a potential extended recovery on the charts. Interestingly though, the king altcoin saw its mindshare drop to a 12-month low during the most-recent holiday sell-offs. Source: Kaito Over the same period, it declined from over $4k but entered a narrow consolidation above $3,300 in late December. Hence, the question – Will the recovery extend itself after the altcoin reclaimed its December range lows? ETH: Is $4k next target? On the 12-hour chart, ETH soared above key moving averages of 20-day, 50-day, and 100-day EMA. In fact, the Friday breakout pump closed above $3.6k and flipped the market structure bullish. This could set ETH for an extended recovery on the charts, at least in the short term. Source: ETH/USDT, TradingView The immediate bullish targets were the mid-range of $3.8K and the upper channel of $4k. The 12-hour chart RSI and CMF were above key median levels, underscoring greater demand and capital inflows. Should the positive trend continue over the next few days, ETH could climb to $3.8k, $4k, or even higher. However, a bullish outlook would be invalidated if ETH declines below $3.5K. However, ETH seasonality returns also alluded to a positive outlook. Q1 has been the strongest performer, with average gains of 83%. In fact, Coinglass data revealed that January and March have been the best months of Q1, with 21% and 22% returns, respectively. Source: Coinglass If history repeats itself, ETH could be set for explosive growth in January. That being said, the monthly liquidation heatmap showed that the key upside levels were $3.8k, $4k, and $4.1l. The…