Ethereum Stands Strong Aganist Bitcoin-Here’s When it May Trigger an Altcoin Rally in 2025
2024 is shaping up to be an optimistic year for cryptocurrencies, with new coins making huge profits alongside Bitcoin and Ethereum. While Bitcoin managed to break through $108,000, Ethereum failed to sustain above $4,000. Meanwhile, the sluggish trend Ethereum price The rally failed to disappoint market participants as they continue to be bullish on the second-largest coin. Therefore, the price is expected to rise strongly in the coming days and may cross $5,000 soon.
In addition, big moves in the world Spot ETFs According to records, BlackRock’s ETH holdings now exceed 1M ETH, worth over $3.6B. These institutions are accumulating millions of ETH every day, while whales, on the other hand, also accumulated large amounts of ETH during the recent decline. Ethereum whales have reportedly amassed more than $77 million in ETH, suggesting the token could see a rally in 2025.
The increase in accumulation during the latest dip shows the trading strategy of the bulls, who are still bullish on ETH but under the shadows. Traders did not openly support the coin by inducing the required liquidity, but ultimately kept the price above key support areas. This suggests that bulls are on alert and may soon regain dominance; this could trigger not only a strong rally in ETH but also a potential altcoin season.
What to expect for ETH price growth in the first quarter of 2025?
Historically, ETH price has always been able to attract significant gains in the first few weeks of the year, so another bull run is expected to be more likely in the coming weeks. On the other hand, Bitcoin dominance always saw a decline in the first few days of January, which triggered a nice rally in ETH price. For now, prices appear to have ended their consolidation, so a strong rebound could be imminent.
Ethereum’s weekly chart is incremental as the coin continues to form higher highs and lows, with bulls poised to push levels higher in the first weeks of 2025 despite significant resistance at $4,000 to $5,000. Smoothed Moving Average Convergence and Divergence Showing declining buying pressure, but the RSI is experiencing a parabolic recovery. Therefore, the price is likely to drop slightly towards $3,200, which may attract more buying and subsequently trigger a healthy rise above the key resistance at $4,100.
In the meantime, a bearish crossover with the MACD and signal lines needs to be prevented, which could keep the possibility of a healthy uptrend alive and ultimately mark a new ATH above $5,000 soon.
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