Analysts anticipate that Ethereum will reach record highs in the first quarter of 2025.
Market analysts predict that in the first quarter of 2025, ether may surpass its previous all-time high.
Despite Bitcoin BTCUSD breaking the record $100,000 high on December 6 for the first time in cryptocurrency history, Ether ETHUSD has failed to stay above the crucial $4,000 psychological threshold.
But after this week's deleveraging of the cryptocurrency market, which is "indicative of a reset in leveraged long exposure," Ether might soon begin to catch up to Bitcoin's gains, according to a market study released by Bybit and Block Scholes.
In the first quarter of next year, Ether might rise to a new all-time high because to the decreased leverage. Cointelegraph was informed by Bybit experts that they anticipate "a new all-time high in Q1 2025." They continued by saying that "ETH exhibits strength in derivative markets as the price catch-up anticipation is in full swing."
But as of 2024, Bitcoin has emerged as the more profitable investment option. According to Cointelegraph data, Bitcoin increased by more than 54% over the last six months, whereas Ether only produced a 12% return on investment.
Analysts predict that Ether will overtake Bitcoin in terms of gains. The price of $8,800 ETH
The daily chart's ascending triangle, a technical chart formation used to predict market movements, suggests that Ether is poised for a surge to above $8,800. recognise when an upward trend is continuing.
The Long Investor, a well-known cryptocurrency analyst, says Ether must first overcome the crucial $4,100 barrier level. The ATH level at $4,865 could be reached if there is a subsequent break over $4,100. "Until $8,800, I will hold $ETH," the analyst wrote on X.
Ether may begin to eclipse more of Bitcoin's momentum in December, given its historical association with the Bitcoin halving cycle.
The well-known cryptocurrency expert Venture Founder stated in an X post that Ethereum underperformed Bitcoin for no more than eight months after the halving of the cryptocurrency before blowing up against it. They also added:
We are currently in the eighth month. Exactly on course. Following the halving, the ETH/BTC Ratio rises to at least 700%, which for this cycle indicates ETH/BTC = 0.39"
The large number of freshly created wallets is another indication of the increased interest of investors in Ether.
Market analytics platform Santiment reports that over 130,000 Ethereum addresses were created on average per day in December, reaching a high of more than eight months that was last observed in April.
Other well-known players in the cryptocurrency sector, meanwhile, are aiming for more cautious price targets. In 2025, VanEck projected that the price of Bitcoin would reach $180,000 and the price of Ether would reach a $6,000 cycle peak.
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