The major altcoin Ethereum (ETH) has been exhibiting remarkable performance since the beginning of the year, currently trading around $2,000, with analysts predicting a potential rise to an all-time high (ATH) above $4,800 in the medium to long term. Analyst FieryTrading references a long-term bullish formation, predicting that ETH will reach around $5,000 by early 2025. The same analyst also anticipates a significant rise for Cardano’s ADA, expecting the altcoin to exceed $35 by 2025 based on bullish market models.
Expecting Ethereum to March Towards $5,000
Ethereum’s native asset, Ether (ETH), is one of the altcoins that demonstrated resilience after the devastating market crash in the second half of 2022. It is currently trading at approximately $2,000 and has increased its value by over 70% since the beginning of the year.
Some analysts believe that ETH is currently at the beginning of an uptrend that could push it above its ATH of $4,800. According to experienced cryptocurrency analyst FieryTrading, this is eventually what will happen with ETH. The analyst emphasizes that the king of altcoins has been on an uptrend for the last year and a half and expects it to reach even higher levels in the coming months, stating:
As seen on the chart, ETH has been trading within an ascending triangle formation for over 1.5 years. In my view, a breakout from this formation will bring significant gains for ETH, as it will trigger a big exit fueled by short positions that will be forced to close.
FieryTrading’s analysis points to ETH’s price reaching nearly $5,000 at the beginning of 2025. The analyst suggests that “a long-term, attractive trade can be made for the biggest altcoin with a stop below the recent lowest level and a target around the last ATH.”
Analyst’s Take on Cardano’s ADA
In addition to predicting ETH’s possible price trajectory, FieryTrading also made a bold prediction for Cardano’s native asset, ADA. The analyst expects the popular altcoin, which is indicated to be at the beginning of a bull run, to reach an astonishing level of $35 within two years, moving within certain parallel channels:
Now that the formation is confirmed, we can look at the next bull market peak for ADA. Assuming it reaches the peak of the bull market in 2025 and continues to follow this formation, I expect it to peak at a point above $35.
- Ethereum’s ETH may soar past $4,800.
- FieryTrading predicts a $5,000 reach by 2025.
- Cardano’s ADA could hit $35 in the next bull run.