A crypto analyst, Elja on X, predicts that Ethereum (ETH) will reach a staggering $15,000 by 2025 based on technical analysis. The analyst argues that the current bearish sentiment in the crypto market is “temporary.” Moreover, Elja notes that the second most valuable coin by market cap follows a similar fractal pattern that fueled its previous major price rally in 2021. Is Ethereum Ready To Rip Despite The Current Consolidation? Sharing a screen grab of the current ETH price action, Elja says most people in crypto are “short-sighted” and only focus on immediate price movements. In the analyst’s assessment, traders should look at the long-term to understand the overall price pattern. Related Reading: Bitcoin plummets 20% post-ETF approvals: what’s behind the crash? Thus far, Ethereum, like Bitcoin (BTC), remains under pressure and struggling to break above immediate resistance levels. Looking at the development in the daily chart, ETH is back at a critical support level of around $2,200. Notably, the coin is down 20% from January 2024 highs of about $2,700. ETH is under pressure, at least in the short to medium term. ..
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