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Ethereum’s January 2025 Prediction – Here’s How Far $4000 Really Is
The cryptocurrency market has been quite unpredictable lately, but some interesting developments have taken place in the past few days. The price of Ethereum (ETH) has rebounded and reclaimed a previous support of $3,500 on the charts. This move has signaled a potential extended recovery on the charts.
On the 12-hour chart, ETH soared above key moving averages of 20-day, 50-day, and 100-day EMA. In fact, the recent breakout pump closed above $3,600 and flipped the market structure bullish. This could set ETH up for an extended recovery on the charts, at least in the short term.
The immediate bullish targets were the mid-range of $3,800 and the upper channel of $4,000. The 12-hour chart RSI and CMF were above key median levels, underscoring greater demand and capital inflows. If the positive trend continues over the next few days, ETH could climb to $3,800, $4,000, or even higher.
However, a bullish outlook would be invalidated if ETH declines below $3,500.
Source: ambcrypto.com
