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.
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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