Analyst: Ethereum may reach an all-time high in Q1 next year

ChainCatcher news, according to Cointelegraph, market analysts suggest that Ethereum may reach an all-time high in the first quarter of 2025. According to a market report released by Bybit and Block Scholes, as the crypto market deleverages last week, Ethereum may soon catch up to Bitcoin's gains, which "indicates a reset of leveraged long positions."

Bybit analysts state that the liquidation of leverage could lay the groundwork for Ethereum to reach an all-time high in the first quarter of next year. The first quarter of 2025 is expected to set new highs, as the anticipation of Ethereum's price surpassing unfolds, with ETH showing strong momentum in the derivatives market.

Crypto analyst The Long Investor mentions that Ethereum needs to first break through the key resistance level of $4,100. If it breaks through $4,100, it could rise all the way to the all-time high of $4,865. They also stated that they will hold ETH until it reaches $8,800.