and ethereum price After the recent pullback that pushed it above the $4,000 price mark, crypto participants and analysts are starting to call for the next key milestone: breaking above $5,000. Accumulation among major investors also increased during this period, reflecting the strategic positioning of these market participants.
Analysts see $5,000 ETH on the horizon
Ethereum According to several predictions emerging within the vibrant crypto community, the dollar has breached the $4,000 mark and the next significant milestone could be the $5,000 level. According to new data that has surfaced, a path towards the expected $5,000 mark for major altcoins looks increasingly plausible as the market regains traction.
ETH has tried and failed to break through this level several times in the past, but analysts are confident it will happen in this continuation cycle, especially by the end of the year. Cryptocurrency expert Crypto-Gucci.eth said in a post on X: highlighted Currently, there is a 52% chance that the altcoin will reach and break the $5,000 threshold in 2025. However, this calculation comes from PolyMarket, the world’s leading prediction market.
Considering the high probability, ETH reaches $5,000 Experts believe that in 2025, the level that ETH can reach by the end of the year will be very cheap. “I’m not going to lie, this might be the easiest bet of the year,” the expert added. Other major targets such as $6,000 and $7,000 give Ethereum a 25% and 14% chance of reaching these levels this year, respectively. As ETH solidifies its position as the top smart contract platform, all eyes are on what the future holds. One of the largest gatherings in history.
Ethereum whales keep coming
With growing predictions that ETH price will reach the $5,000 price mark during this bull market cycle, major investors appear to be focused on this expected solid rally that could change the course of the market. On-chain data According to Alpharactal, a leading analytics platform, the number of large holders or holders has been revealed. whale It is steadily increasing.
This steady accumulation since April has been observed among wallet addresses held between 10,000 ETH and 100,000 ETH. According to the platform, these investors were the ones who raised the most money during ETH’s last bull run. Alpharactal shared this optimistic action by a major investor after examining the address supply band chart.
It is worth noting that these large investors It had the strongest relationship with Ethereum price changes in the past, as seen in 2017 and 2021. During these periods, the price of ETH skyrocketed after the supply of these investors increased. The group is re-energizing and Alfaractal believes the results will remain the same in 2025.
At the time of the report, over 31 million ETH was connected to this group, marking the highest level ever. Buying pressure of this magnitude means the following: major investors They strongly believe in the future and potential of ETH.
Featured image from Pxfuel, chart from Tradingview.com
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