Ethereum price at a critical point: If expectations are met, the $20,000 level can be reached!

Crypto News - There has been a significant movement in the cryptocurrency market recently. Bitcoin approaching its all-time high again has created a positive atmosphere in the market. While the price of Bitcoin is skyrocketing, altcoins are still not experiencing the expected volatility. At the time of writing, Bitcoin is approaching $105,000, while the price of Ethereum fluctuates around $3,200. In the upcoming sections of this article, we will share important insights about Ethereum. Additionally, we will review a YouTube video by a crypto analyst who stands out with market price predictions. This video evaluates the potential of Ethereum in the year 2025.

Can Ethereum Price Reach $20,000?

Ethereum is showing quite a low performance, and we can easily see this situation in the data. Ethereum especially performed very poorly in 2024. Despite gaining a 46% return against USD, Ethereum experienced a 35% loss against Bitcoin. On the other hand, Solana provided a net return of 86% against the US dollar, while experiencing a 15% decrease against Bitcoin.

At this point, the analyst emphasizes the importance of the SOL/ETH chart. In the SOL/ETH chart, it can be seen that Ethereum has achieved a 10% net return against Solana since May 2023. However, since then, things have turned upside down and we have seen Solana settle at the top against ETH. However, things could turn back and there could be a flow of money from Solana to the Ethereum ecosystem. So, what is behind Ethereum's really poor performance?

Several factors emerge in response to this question. Firstly, macroeconomic indicators do not support entering the risk curve. Ethereum is a DeFi and there is a significant decrease in interest in DeFi when high returns are at issue. In addition, there is a positive factor in terms of TVL. We observe that we are approaching the 2021 peaks in TVL, which indicates a certain interest in DeFi and that the trend is ready to break upwards.

Also, the lack of significant updates on the Ethereum network in 2024 and transaction fees may have caused the asset to lag behind. While Bitcoin ETFs have shown strong performance, Ethereum ETFs have lagged behind in this area. However, we have seen significant entry into Ethereum in the last weeks of 2024. Ethereum had surpassed Bitcoin in 2017 and 2021. Analysts predict a similar price performance in 2025.

Result

In summary, we are still at the beginning of a real bull cycle. This means that Ethereum will perform better and provide a clear return. Ethereum is currently consolidating around $3,000 and forming higher lows. In other words, it is forming a real upward trend, indicating a lot of upside potential. Michale Van de Poppe predicts a bull run for Ethereum from $10,000 to $20,000 under these conditions. We will closely monitor whether the expectations for the Ethereum price will be met in the coming days.

The information in the text is for informational purposes only. It does not constitute investment advice. Cryptoparahaber.com is not responsible for any profits or losses resulting from your investments. Investment ultimately relies on factors such as knowledge, experience, research, and personal decisions.

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