Will $ETH Hit $5,000 or $15,000?

ETH Price Crash: Why Ethereum Is Going Down Today And Will It Recover?

The cryptocurrency market has seen a huge pullback over the past few weeks, with Ethereum getting hit harder than Bitcoin. February was particularly harsh for assest, and March appears to be going in the same direction. For the first time, the altcoin has printed bearish candles across Q1, and it’s causing some alarm about its short-term direction.

Ethereum is currently having difficulty maintaining support around $1,800. Since the asset hovers in a pivotal area, investors are questioning: Can ETH maintain this price and jump toward $5,000 or even $15,000 in 2025?

Ethereum’s Historical Accumulation Zones: A Bullish Reversal Ahead?

According to leading crypto analysts, the world second largest currency has once again entered a price range where it created millionaires in 2017 and 2020. If it does so again, the coin can return to its long-term profit-making capabilities.

According to on-chain data from IntoTheBlock, Ethereum is in a huge resistance zone between $2,200 and $2,580. At the moment, about 66.18 million ETH has been bought by 12.43 million investors in this area. If the asset breaks above this range, it will unleash a bullish rally, which in turn will boost altcoin price increase.

Ethereum’s MVRV Ratio (Market Value to Realized Value) is another important metric that indicates accumulation zones. Glassnode data shows that when ETH’s MVRV Ratio goes above its 160-day moving average (MA), it has traditionally been a strong buy signal.

Key Metrics to Watch: MVRV Ratio and Whale Movements

Also, whale movement is still a dominant driver of the altcoin price action. Recently, Arkham Intelligence reported that a whale sent 6,131 ETH ($10.94 million) to Binance, causing sell pressure fears. 

Two whales with 125,603 ETH ($229 million) on MakerDAO risk liquidation if prices fall to $1,787.75 and $1,701.54.

Long-Dormant Ethereum ICO Wallet Awakens

At least one Ethereum ICO investor who’d been sitting on their hands for well over 10 years finally decided to get in the action. As we reported previously, this same investor originally got his 2000 coin at the Genesis block for only $620. Now, that stash is worth upwards of $3. 7 million, an even better sign of the value of ETH’s token.

Analysts Predict ETH at $5,000 to $15,000 in 2025

Despite the short-term bearish trend, analysts are optimistic about Ethereum’s long-term prospects. In a recent comment issued by a well-known analyst, CryptoElites, “The dip in the altcoin has been bought! Let’s revisit this prediction in April or May – so by then, the token should be at least at $5,000! Target: $15,000”.

ETH Price Prediction: What to Expect?

Ethereum’s general outlook remains positive going forward as long as the asset can recover from key levels of resistance and sustain buying pressure. Here’s what could happen:

Bullish Case: If altcoin goes above $2,580 and Bitcoin makes an upswing, Ethereum could reach $5,000 by mid-2025, and in a sustained bull market, it could reach $15,000.

Neutral Case consolidates at $1,800-$2,500 before breaking out for a longer term stance, delaying big rally.

Bearish Case: If ETH breaks down of the $1800 level, we might see more declines to $1,500 or even below before a recovery.

The altcoin is one of the most highly stable and liquid cryptos around. While there’s still some volatility in the short term, with historical data, it seems altcoin could be poised for another major rally. Keep an eye on the on-chain charts, the whale sentiment, and resistance levels. With a potential breakout at hand, the token could be gearing up for a historically successful bull run in 2025.