This article is also available in Spanish.
Ethereum is trading below last year’s highs as investors eagerly await a breakout to confirm the start of the long-awaited Altseason. Although ETH’s price action has been muted, traders remain optimistic about its potential for exceptional performance in 2025, given its historical cycles and overall bullish market sentiment.
Related reading
Analyst Carl Runefelt recently shared technical analysis on X, highlighting that ETH is currently trading in an ascending channel. This trend suggests the possibility of a short-term pullback before Ethereum gains momentum for its next upward leg. Runefelt’s analysis aligns with the cautious optimism prevailing in the market as traders monitor key support and resistance levels for signs of a breakout.
The coming weeks will be crucial for Ethereum, which is fighting to regain its highs and assert its dominance in the crypto market. A breakout could signal the start of a broader altcoin rally, solidifying ETH’s position as a leader in the Altseason narrative. Until then, investors and traders are closely monitoring Ethereum’s price movements and technical indicators, preparing for what could be a pivotal year for the second-largest cryptocurrency.
Ethereum’s Path to 2025: Optimism Amid Consolidation
Ethereum had a disappointing 2024, underperforming Bitcoin and failing to trigger the start of the long-awaited Altseason. However, many analysts are predicting a dramatic turnaround this year. Historically, the post-halving years have been exceptional for altcoins, and Ethereum appears poised to benefit from this trend. ETH is increasingly expected to “melt faces” in 2025, producing significant gains.
Analyst Carl Runefelt recently shared technical analysis on X, offering detailed insight into Ethereum’s price structure. According to Runefelt, ETH is currently trading in an ascending channel after reaching its previous target.
While this trend often signals a bullish continuation, there is also a risk of a temporary breakout. Runefelt suggests that if Ethereum fails to maintain its current position, it could retest the $3,500 level before resuming its upward momentum. According to him, such a retracement could pave the way for Ethereum’s next major rally.
Related reading
Reclaiming last year’s highs will be essential for Ethereum, as it would solidify its position as the market leader and inspire confidence among traders and investors. The broader crypto market is bracing for what many expect to be a massive 2025, with Ethereum positioned at the forefront of a potential altcoin resurgence. Whether ETH breaks out or briefly pulls back, this year could define its trajectory for years to come.
Technical analysis: price consolidation
Ethereum is currently consolidating around the $3,650 level after a clear break above the 4-hour 200 moving average at $3,629. This breakout marked a critical moment for ETH, as it demonstrated renewed short-term bullish momentum. Holding the 200 4-hour moving average as support could signal price strength, providing a base for Ethereum to push higher in the coming days.
The market, however, remains cautious. If Ethereum fails to maintain this key indicator, the price could fall to lower demand levels. A retest of the $3,500 mark would then become a likely scenario. This level has been a significant area of interest for traders and could form the basis for another potential rebound.
Related reading
The next few trading sessions will be crucial in determining whether Ethereum can build on its recent breakout or if a pullback is in store. A sustained hold above the $3,629 level would signal strong buyer interest and pave the way for a push towards higher resistance levels. Conversely, losing this mark could lead to consolidation or further decline, testing the resilience of Ethereum’s bullish structure.
Featured image of Dall-E, chart by TradingView
