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Ethereum’s January 2025 Prediction – Here’s How Far $4000 Really Is
In recent news, Ethereum (ETH) has made a significant recovery after rebounding and reclaiming its December support level of $3.5k on the charts. This move signals a potential extended recovery for the altcoin in the short term.
ETH saw a 4% rally on Friday, causing it to re-enter the previous range-lows of late December. Notably, Ethereum’s mindshare dropped to a 12-month low during the recent holiday sell-offs, but this decline came with a drop from over $4k and subsequent consolidation above $3,300.
This has raised questions about whether the recovery will extend itself after reclaiming its previous range lows. According to data analysis and historical trends, it is possible that Ethereum could extend its growth on the charts at least in the short term.
ETH’s recent movement saw it soar above key moving averages of 20-day, 50-day, and 100-day EMA, which has flipped the market structure bullish. This could potentially set ETH up for an extended recovery over the next few days.
Source: ambcrypto.com
