Ethereum (ETH) has been displaying significant performance since the beginning of the year, trading around $2,000. Expert analysts forecast that in the medium and long term, ETH could surpass its all-time high of $4,800. Analyst FieryTrading predicts that ETH will reach approximately $5,000 by early 2025.
The native asset of Ethereum, Ether (ETH), is one of the altcoins that showed resilience after the market crash in the second half of 2022. It is currently trading at around $2,000, increasing its value by more than 70% since the beginning of the year.
Some analysts believe that ETH is currently at the start of an upward trend that could surpass its all-time high (ATH) of $4,800. Experienced cryptocurrency analyst FieryTrading has been observing an upward trend in ETH over the past one and a half years and expects it to reach even higher levels in the coming months.
According to FieryTrading’s analysis, ETH’s price will reach approximately $5,000 at the beginning of 2025. The analyst suggests that a long-term, attractive trade can be made for the largest altcoin with a stop below the last low and a target around the last ATH.
In addition to predicting ETH’s possible price trajectory, FieryTrading also makes a bold prediction for Cardano’s native asset, ADA. The analyst forecasts that the popular altcoin ADA, moving within certain parallel channels, will surpass a surprising level of $35 within two years.