According to crypto trader David, Ethereum remains in a firmly bullish long-term uptrend. He sets a 2025 price target of $6,700 per ETH as its preeminent standing as the leading smart contract blockchain solidifies.
In the interim, he sees potential for a re-test of support around $1,934 to refresh the rally. However, he believes any major pullbacks will hold above this level, given the strongly positive market structure.
Short-Term Consolidation Expected
Crypto analyst Zen also explores the potential for near-term consolidation or a correction after Ethereum’s monster rally in January. With volume dropping off, some backing and filling would prove healthy.
Upside targets remain open-ended, given the sheer magnitude of the recent surge. However, based on Bitcoin’s opposing price action after it absorbed the bulk of volumes, a counter-trend bounce could surface to cool overheated conditions while maintaining the bigger-picture bull trend.
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Show more +Nonetheless, both analysts cite Ethereum’s accelerating adoption via milestones like last week’s ETF approvals as cementing its status as the preeminent smart contract network. The platform now settles over $1 trillion in transactions annually and facilitates billions in DeFi lending.
With growth metrics still tracking higher, its first-mover lead should continue expanding over the long run. Hence, any material long-term dips will likely find eager buyer interest, keeping intact 2025 projections in the vicinity of $6,700 per ETH.
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