Trader Tardigrade Predicts Ethereum Surge to $8,000 in 2025
Ethereum has seen a significant correction in December, dropping from a high of $4,000 to below $3,400. However, crypto analyst Trader Tardigrade remains bullish on the second-largest cryptocurrency, projecting a surge to $8,000 in 2025.
Historical Patterns Point to Bullish Trajectory
Trader Tardigrade, known for identifying long-term market trends, has analyzed Ethereum’s price potential on social media platform X. According to technical analysis, Ethereum is currently in its final consolidation phase before embarking on a strong upward trend. Despite facing resistance at the $4,000 price level, Ethereum’s target of $8,000 remains unchanged.
The foundation of Trader Tardigrade’s analysis lies in Ethereum’s weekly candlestick chart, drawing parallels between the current cycle and the 2018-2021 market cycle. The historical consolidation near $500 in the previous cycle was followed by a significant rally in 2021, leading to an all-time high of $1,500. Trader Tardigrade believes that Ethereum’s current consolidation phase is setting the stage for a similar rally, potentially pushing the price to $8,000.
Long-Term Holders Anticipate New All-Time Highs
If Ethereum reaches the $8,000 price target, it would trade at new highs, 64% above its current all-time high of $4,878. While the 2021 rally was driven by factors like DeFi, NFTs, dApps, and smart contracts, the current cycle is influenced by institutional demand and inflows into Spot Ethereum ETFs.
On-chain data shows that Ethereum has attracted more long-term holders in 2024 compared to Bitcoin, with around 75% of ETH holders qualifying as long-term holders. Many holders are anticipating ETH’s move above $5,000 and beyond in 2025.
At the time of writing, Ethereum is trading at $3,354, with a potential 140% increase to reach $8,000.
Conclusion
Despite a recent correction, Ethereum remains poised for a significant rally, with Trader Tardigrade predicting a surge to $8,000 in 2025. Long-term holders are optimistic about Ethereum’s future performance, with potential gains surpassing previous all-time highs.