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Ethereum (ETH) Price on Cusp of at Least 40% Soon Catalyzed by Heightened Whale Activities
01/16/2025 20:24
Since March 2024, Ethereum price has been forming a horizontal consolidation with a range between $2,162 and $4,090.
Key Notes
- Ethereum has emerged as a top-tier alternative digital asset investment to Bitcoin for more institutional investors seeking to diversify their crypto portfolios.
- The ongoing Bitcoin macro dominance reversal will trigger the much-anticipated altseason in the near term.
The market value of Ethereum ETH $3 326 24h volatility: 1.4% Market cap: $401.99 B Vol. 24h: $28.82 B against the US dollar has signaled a potential end to the recent wedge correction in the near term. After the top-tier altcoin rebounded strongly, following the recent drop below $3k, the bullish sentiment has significantly gained traction. Moreover, Ethereum’s fear and greed index rallied to 64 percent on Thursday, suggesting rising market greed.
From a technical analysis standpoint, Ethereum’s price has been consolidating in anticipation of the upcoming altseason. Already, Bitcoin’s dominance has been forming a macro reversal pattern, amid the ongoing crypto cash rotation to the altcoin industry.
The ETH/BTC pair has also been signaling a potential trend reversal after being trapped on a falling channel in the last two years. If Bitcoin price rallies towards a new all-time high in the near term, Ethereum price will follow suit, and most likely trigger the much-anticipated altseason.
If Ether’s price consistently closes above the macro resistance level around $4,090, the next major target will be its all-time high (ATH). Afterward, the thrilling and euphoric phase of the macro altcoin bull run will kickstart.
In case of further midterm correction, Ether price will find a solid support level above $2,160, which has been established in the last nine months.
Top Reasons to Believe in Ethereum During the 2025 Bull Run
The Ethereum network remains the undisputed Web3 leader despite the emergence of upcoming layer one (L1) chains led by Solana SOL $211.1 24h volatility: 9.7% Market cap: $102.22 B Vol. 24h: $6.69 B , Toncoin TON $5.53 24h volatility: 2.0% Market cap: $13.77 B Vol. 24h: $241.40 M , Tron TRX $0.24 24h volatility: 4.8% Market cap: $20.55 B Vol. 24h: $1.28 B , Cardano ADA $1.09 24h volatility: 3.4% Market cap: $39.18 B Vol. 24h: $2.18 B , and BSC, among others. As of this writing, the Ethereum network had a total value locked of about $66 billion and a stablecoins market cap of around $114 billion.
With dozens of DeFi protocols, the Ethereum network registered a net revenue of about $2.71 million, and a total of about 403K active addresses, in the last 24 hours. Consequently, the Ethereum network has attracted more institutional investors seeking to diversify their crypto portfolio to hedge against global inflation.
For instance, the US spot Ether ETFs have registered a cumulative total net inflow of about $2.47 billion and total net assets worth around $12.25 billion.
On Wednesday, the US spot Ether ETF issuers registered a net cash inflow of about $59 million led by Fidelity’s FETH with a net inflow of around $29.3 million and BlackRock’s ETHA with a net cash inflow of around $19.85 million.
The Ethereum network has received significant regulatory clarity in more jurisdictions than any other altcoin, as core developers continue to build relentlessly.
In the United States, the demand for Ether has continued to rise with the upcoming POTUS Donald Trump’s World Liberty Financials (WLFI) holding a significant amount of its assets in Ether.
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