How high will the price of Ethereum go in 2025?
A cryptocurrency trader known by the pseudonym Merlijn The Trader has answered a question that many people are wondering about: how high will the Ethereum price go in 2025?
On August 8, ETH price exceeded $2024 for the first time since December 4,000 and continued to increase until it peaked at $4,332, but a correction began on August 10. However, Merlijn The Trader is confident that the bullish rally will resume.
The trader published a chart of the Ethereum price change, which shows an ascending channel. Over the past seven years, the coin’s rate has touched its upper limit twice, after which a bearish trend began. Due to the recent pump, the ETH price has broken through the contracting triangle, indicated by the white lines, so the cryptocurrency trader believes that the altcoin’s price will again rush to the upper line of the channel.
Ascending channel on the Ethereum price chart
If the ETH rate reaches this limit in 2025, its value will be around $20,000. At the moment, the coin costs $4,239, that is, the peak of the cycle will be 372% higher than the current figure. In this regard, you can earn an impressive profit if you buy digital assets now and sell them at a rate of $20,000.
The catalyst for the growth of the Ethereum price will be the influx of capital from institutions thanks to ETF with the staking function, the rise of second-layer networks, the decrease in ETH supply caused by coin locking and the depletion of the asset stock on exchanges, — commented on the Merlijn The Trader post by trader Ryan Sky.
