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As expected, headlines were predominantly bearish this week, as we got a healthy pullback in crypto markets. Bitcoin’s bull market ended popped up everywhere as a reaction to a Bitcoin’s retracement after hitting 20-month highs.

At InvestingHaven, we like to go against the tide. We published bullish pieces this last week, not bearish. In this article, particularly, we share our high level analysis of Ethereum's trajectory in 2024 and 2025. We examine its solid fundamentals and combine it with the dominant chart patterns as per our chart analysis. We reiterate that we firmly believe that Ethereum can go to $10,000 in the coming 24 to 36 months.

As we look at what's happening with Ethereum, we're not just trying to figure out how things are right now. We're also trying to see what might happen in the future and understand high level fundamental and chart trends that lead us to conclude that its price will go up a lot. This is consistent with our hidden crypto bull market prediction which has proven to work out very well in the last 12 months (as we hit many multi-baggers for our members).

Fundamentals

In the fast-emerging Web3 space, fundamental news often appears as a guidepost rather than an immediate driver of short or medium-term price movements. Ethereum, with its role as the cornerstone of decentralized finance (DeFi), boasts robust fundamentals.

The aftermath of Ethereum's Merge was a typical ‘buy the rumor, sell the news’ type event. Fundamental upgrades may not result in instant price surges, on the contrary, they tend to result in retracements. 

For savvy investors, the challenge lies in differentiating fundamentals, providing a healthy ground on which the token's value can inflate over time, and combine it with chart analysis to understand trends, turning points, and undervaluation / overvaluation.

Chart Analysis

Contrary to prevailing bearish sentiments in recent weeks, Ethereum's charts tell a different story. 

The daily chart illustrates a prolonged consolidation period, evolving into a soft uptrend above the 50% retracement level. 

https://investinghaven.com/wp-content/uploads/2024/01/ethereum_price_forecast_10000.png.webp

A shift in perspective, as observed in a completely different variant of the same daily price chart, unveils a rising channel, one that likely will accelerate in 2024 or in 2025. 

https://investinghaven.com/wp-content/uploads/2024/01/ethereum_price_daily_10000.png.webp

Chartists are getting excited about the $3,525 mark. It's expected to trigger a faster rise in Ethereum's price. 

These charts don't just go against the negative news but also suggest that Ethereum could reach its highest-ever price by the end of 2024, revealing a hidden bull market in the crypto world.

Price Outlook for 2024

As the crypto markets undergo some soft turbulence, Ethereum's price forecast for 2024 suggests resilience to turn into bullish price action. 

Our estimate for 2024 is $3,000 - $4,000, with $3,000 being the conservative estimate. 

The ongoing pullback in Bitcoin's price, a response to overblown expectations, is the result of healthy market rotation. 

Ethereum, alongside Bitcoin, is poised for a potential all-time high in 2024-2025. Amidst discounted coins in the market, the anticipation is for Ethereum to clear the current bear cycle, consolidating before surging upwards. Our $10,000 price target stands strong, provided Ethereum’s ability to surpass the pivotal $3,525 threshold.

Conclusion

In summary, understanding Ethereum's path in 2024 needs a careful look. It's more than just looking at basics or charts—it's about uncovering the possibilities for Ethereum's growth in the next year. If you want a deeper understanding and personalized insights into these market movements, our premium charting service is here for you. Dive into a wealth of analyses, discover potential winners, and stay ahead in the ever-changing crypto landscape with our premium crypto research service.

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