Ethereum price is trading around $3,300 and continues to move sideways, following Bitcoin’s lead. However, the outlook is optimistic due to some bullish signals predicting an uptrend for ETH in 2025. Let’s explore the key levels to watch based on technical and cross-chain analysis.
Ethereum price today
As of January 25, 2025, Ethereum (ETH) is trading at $3,300, representing a 0.50% rise in the last 24 hours. Despite the recession, the outlook remains bullish due to some technical signals, including a golden crossover (the crossing of the 50-period SMA above the 200-period SMA). In addition, the bearish-bullish charts below the zero line continue to recede, indicating declining downside momentum and a signal that the bulls are ready to take over. Finally, the Relative Strength Index (RSI) is also trying to overcome the 50 intermediate level, indicating the return of buying momentum.
Key levels to watch
While the chart projects a bullish outlook due to technical indicators, here are some key levels that investors need to keep an eye on.
resistance: $3,592, $3,975, $4,000, $4,069, $4,877, $5,863, $6,947.
Supports: $3,132, $3,057, $2,657, $2,341.
Artistic patterns fuel optimism
While observing the technical and key levels, let’s take a look at the daily Ethereum price chart to identify key patterns forming.
Falling wedge
Connecting the trend lines to the three lower highs and lower lows reveals this setup, which forecasts a 17% move to $4,000. The probability of achieving this $4,000 target is that Ethereum price produces a daily close of the candle above the upper trend line of the wedge.
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Elliot wave analysis
Elliot Wave analysis predicts that a bounce around $3,300 to $3,100 is likely. The resulting rally could push Ethereum’s price to a new all-time high of $7,000.
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Scales on the chain and whale activity
Although technical patterns, indicators and key levels provide a bias, this initial bias is best confirmed by on-chain data.
Accumulation of whales
according to Santiment dataThe Ethereum network added 180,000 new addresses this week, indicating renewed retail and institutional interest.
Furthermore, futures data shows that open interest reached $65 billion, confirming the renewed interest.
Experts’ expectations for prices in 2025
- Tim Draper: $10,000 (VC bullish on DeFi growth)
- Standard Chartered: $12,000 (scalability upgrades + institutional demand)
- CoinGape Consensus: Average target $10,909
Other catalysts driving ETH’s 2025 rally
- PECTRA UPGRADE: Simplified transactions and enhanced security, targeted for Q1 2025.
- ETF Inflows: BlackRock’s ETF sees inflows of $23.9 million, mirroring Bitcoin’s 2024 trajectory.
- Ethereum Burning Mechanism: Vitalik’s scaling roadmap could burn 713K ETH per year, amplifying scarcity.
In conclusion, the short- and long-term outlook for Ethereum price remains bullish with a short-term target of $4,000. Long-term forecasts based on Elliott Wave analysis suggest that $7,000 could be a new ATH. Expert Opinions and CoinGape Consensus Based on experts’ forecasts, the price hovers around $10,909.
Akash Jirimath
An engineer by training, Akash Girimath has developed a deep passion for the intricacies of cryptocurrency markets. As a senior reporter and analyst, he specializes in cryptocurrency analysis and contributes his expertise to prominent platforms like AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small cryptocurrency fund for friends and family. His role includes providing insightful market analysis and keeping readers informed of the latest trends in the world of cryptocurrencies. Follow him on YouTube, X, and LinkedIn
Disclaimer: The provided content may include the personal opinion of the author and is subject to the market situation. Conduct market research before investing in cryptocurrencies. The author or publication does not accept any responsibility for your personal financial loss.
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