XRP, BNB, BTC Have Done It: Is It ETH’s Time to Shine Now?
Main Idea
Ethereum experienced significant volatility in late 2024 and early 2025, with its price rebounding after a sharp decline, but failing to break the $4,000 resistance level multiple times, while investors and whales contributed to its recent surge.
Key Points
1. Ethereum's price surged at the end of 2024 after the US elections but was capped at around $4,000, facing repeated rejections.
2. In early 2025, ETH dropped sharply to under $1,400, leading to bearish sentiment and sell-offs, but later rebounded past $2,000.
3. ETH reached a three-and-a-half-year high of $4,200, marking a 200% increase in four months, but remains 15% below its November 2021 all-time high of $4,900.
4. Investors and whales have been actively buying ETH, contributing to its recent price surge.
5. ETH ETFs saw significant inflows in July, outperforming all previous months combined since their inception.
Description
TL;DR Many cryptocurrencies managed to break their respective all-time highs during the ongoing cycle, including several of the largest ones. Ethereum is among the few that are yet to achieve such an incredible feat, but it has closed down the gap to its 2021 ATH. ETHUSD. Source: TradingView Is it Time? The 4-hour graph above paints a very interesting picture. Ethereum, alongside the rest of the market, rocketed at the end of 2024 after the US elections. However, while BTC managed to surge past ...
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