Ethereum Eyes Potential New All-Time High by 2025 Amid Technical Signals and Market Optimism

Key Points

1. Traders on Myriad, a prediction market platform, assign a 63.6% probability to Ethereum breaking its previous all-time high of $4,891 by December 31, 2025.

2. Ethereum's daily charts recently displayed a 'golden cross,' a classic bullish signal, and the weekly Relative Strength Index (RSI) sits at 69, suggesting potential for further rally.

3. The $4,000 price point is a significant resistance level, acting as a psychological barrier due to institutional profit-taking and heavy trading volume.

4. Key price levels to watch for Ethereum's breakout include closing weekly above $4,103, maintaining support above $3,100, and pushing the ADX above 25 to confirm a strong trending market.

5. Myriad’s prediction market has generated over $72,000 in volume, with traders increasingly bullish on ETH’s prospects, reflecting a potential 57% return for 'yes' shares if ETH breaks its all-time high.