Curious about when Ethereum might reach its all-time high again? This analyst adds a human touch to the discussion with unique insights and predictions. Dive in to discover what could be in store for ETH.
Ethereum (ETH) has been gaining strong momentum in the crypto market, currently trading at around $2,000 and with predictions of reaching its all-time high of over $4,800. Analyst FieryTrading is optimistic about the future of ETH, forecasting it to reach nearly $5,000 by early 2025 based on a bullish long-term pattern.
The same analyst is also bullish on Cardano’s ADA, expecting it to exceed $35 by 2025 based on similar bullish market patterns. The crypto market has been showing signs of recovery following the market crash in 2022, and ETH and ADA are among the assets that have shown strong resilience.
According to FieryTrading’s analysis, ETH has been trading inside a bullish triangle pattern for over 1.5 years, suggesting a further surge in the following months. They argue that a breakout from this pattern might result in significant gains for ETH, with a target of almost $5,000 by the beginning of 2025.
In addition to ETH, FieryTrading has also given their opinion on Cardano’s ADA. They believe that the asset is poised for an astonishing increase toward $35 in two years based on certain parallel channels that hint about the beginning of a bull run.
Overall, the crypto market is showing positive signs, and ETH and ADA are expected to perform well in the coming years. Investors and traders are closely monitoring these assets for potential opportunities, and the market is abuzz with optimism for the future of these cryptocurrencies.