Ethereum had a bit of a rough 2024. While Bitcoin hit record highs, ETH lagged behind, leaving some investors wondering what’s up. But things might change next year. History shows altcoins often boom after Bitcoin’s halving, and that could be good news for ETH.
Ethereum’s Growing Strength
One thing going for Ethereum is its loyal fanbase. Data shows that more people are holding onto their ETH than Bitcoin (BTC). This is a big deal, especially since many Bitcoin holders cashed in after BTC’s price surge. This means less ETH is available to trade, potentially leading to price increases when demand picks up.
Is Ethereum Losing Steam?
Some experts are worried. Ethereum hasn’t been able to break past its yearly highs, and it keeps setting lower highs. While the long-term outlook might be positive, the short-term picture is less clear. Compared to Bitcoin and other altcoins, Ethereum’s price action has been pretty weak.
This shift in long-term holding is significant. If ETH finally breaks its previous all-time high, will those long-term holders sell, too? It’s a question worth considering. While 2025 could be great for ETH, a continued pattern of lower highs could mean a longer period of stagnation or even a price drop. We’ll need to watch market sentiment and key data closely.
Ethereum’s Price: A Crucial Level
Right now, Ethereum is trading around $3,400 after a period of sideways movement below $3,550. The price action looks bearish – it hasn’t been able to hold above $3,550. Unless things change, the price could drop further.
However, if Ethereum can break through the $3,750 resistance level, that could signal a big turnaround and a potential price rally. Holding above $3,750 would be a strong bullish signal. The short-term outlook hinges on whether Ethereum can break and hold above this key level. If it fails, the bearish trend might continue. Everyone’s watching closely to see what happens next.
