with Ethereum price With the price surpassing $4,000 following the recent rebound, cryptocurrency participants and analysts have started calling for the next significant milestone of breaking $5,000. There has also been an increase in accumulation by major investors during the period, which reflects the strategic positioning of these market players.
Analysts See $5,000 ETH on the Horizon.
Ethereum Several predictions emerging from the vibrant cryptocurrency community suggest that it has breached $4,000 and that the next significant milestone could be around the $5,000 level. According to new data that has surfaced, the path towards the expected $5,000 mark for major altcoins is looking increasingly plausible as the market regains traction.
Even though ETH has tried several times to break this level and failed each time, analysts are confident that this continued cycle will occur, especially before the end of the year. Crypto-Gucci.eth, a cryptocurrency expert, said in an X post: highlighted There is currently a 52% chance that the altcoin will reach and break the $5,000 threshold in 2025. However, these calculations come from PolyMarket, the world's leading prediction market.
Considering that the probability is high ETH has reached $5,000. The expert is confident that in 2025, ETH will be very cheap, a level that can be achieved by the end of the year. “I’m not going to lie, this is probably the easiest bet this year,” the expert added. Other key targets such as $6,000 and $7,000 now have a 25% and 14% probability respectively that Ethereum will reach these levels this year. As ETH solidifies its position as the leading smart contract platform, One of the largest rallies in history.
Ethereum whales continue to grow.
As predictions that ETH price will hit the $5,000 level increase as the bull market cycle grows, major investors appear to be bracing for a strong rally that is expected to change the course of the market. On-chain data According to analysis by Alphractal, a leading analytics platform, large holders or whale It has been steadily increasing.
Since April, this steady accumulation has been observed in wallet addresses holding between 10,000 ETH and 100,000 ETH. According to the platform, these investors were the ones who accumulated the most during ETH's last bull market. Alphractal shared the bullish actions of leading investors after reviewing the address supply bands chart.
These points are worth noting. large investor It had the strongest correlation with past Ethereum price changes, as seen in 2017 and 2021. During this period, the price of ETH soared after investors increased supply. With the group reloading, Alphractal believes the results will be no different in 2025.
At the time of reporting, more than 31 million ETH were connected to the group, an all-time high. Buying pressure of this magnitude means: major investor I have great faith in the future and potential of ETH.
Featured image from Pxfuel, chart from Tradingview.com
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