Ethereum’s price has been looking strong lately, leading many to predict a big price jump soon. But not everyone agrees.
A Longer Wait Than Expected?
Market expert Ali Martinez thinks we might need more patience. He says Ethereum needs to build more momentum before it really takes off. He’s looking at long-term holder sentiment, and it’s still early days. He compares this to past bull cycles and believes a significant price increase is still to come, but it will take time. This is a warning to traders and investors to be cautious.
A Bullish Counterpoint: Aiming for $4900+
In contrast, crypto analyst Venturefounder is much more optimistic. He sees Ethereum hitting $4,900 based on a “Cup and Handle” pattern on the 3-week chart. He believes the recent consolidation around $3,800 is a strong support level. If this pattern plays out, he predicts further price increases to $5,349, $6,457, and even $7,238 by the end of Q1 2025.
A Temporary Dip?
While Ethereum showed impressive gains recently, reaching almost $4,100, its upward momentum has slowed. A recent price drop of almost 4% has some investors worried. The market cap and trading volume have also dropped, adding to the short-term bearish sentiment.
