Analyst: Ethereum may hit a record high in Q1 2025

BlockBeats news, December 14, according to Cointelegraph, market analysts said that Ethereum may hit a record high in the first quarter of 2025. According to market reports released by Bybit and Block Scholes, Ethereum may soon catch up with Bitcoin's gains as the crypto market deleveraged last week, which "indicates the reset of leveraged long positions."

Bybit analysts said that the liquidation of leverage may lay the foundation for Ethereum to usher in a new all-time high in the first quarter of next year. A new high is expected in the first quarter of 2025, and ETH will show strong momentum in the derivatives market as expectations of Ethereum's price catch-up are fully underway.

Crypto analyst The Long Investor said that Ethereum needs to break through the key resistance level of $4,100 first. If it breaks through $4,100, it may rise all the way to its all-time high of $4,865. And said that ETH will be held until $8,800.