- Ethereum’s 4% surge in the past 24 hours has brought renewed hope, pulling millions of addresses back into the green.
- With the market bouncing back from a recent correction, can ETH make a run for $4K, or is it still out of reach?
As a researcher looking back on recent events, I can’t help but feel a sense of triumph after the long wait. After enduring several months of patience, Ethereum [ETH] holders have finally been rewarded with a positive development. Despite a 62% drop in post-election gains, the resilience and faith of ETH holders has proven to be well-placed.
As Bitcoin reached a record peak, Ethereum has experienced a surge, causing approximately 7.57 million Ethereum addresses (who purchased ETH at prices up to $3,367) to regain their profits.
As the pace quickens, there’s a strong possibility that an additional 23.5 million wallets may soon jump into the profits. The scene is perfectly poised – just how high could Ethereum soar?
High enough to break $4K?
The Trump effect is igniting an increase, as the cryptocurrency total market capitalization has risen by 3.22%, reaching a fresh record high. A mere 7% rise would result in a staggering $4 billion in market worth.
Ethereum isn’t far behind, up over 4%, with the RSI pointing to more potential gains.
However, the crucial point to consider is: will this development influence the behavior of bulls in the ETH/BTC market? Given that the Moving Average Convergence Divergence (MACD) has shifted bearishly once more.
It appears that American investors are leaning more towards Bitcoin due to its potential for higher profits, since the Coinbase Premium Index (CPI) for Ethereum remains negative.
On the contrary, significant Ethereum holders remain firm. Over the last three days, a substantial amount of 289.9 thousand Ether has been withdrawn from exchanges and moved into vast wallets.
Significantly, World Liberty Financial, affiliated with the Trump family, has purchased more than 15,000 Ether (ETH) at approximately $3,333 each over the past 12 hours. The significant surge in Ethereum’s value within the last 24 hours is undeniably due to substantial buying activity.
Yet, long liquidations are rising, with $3.82 million wiped out in just four hours.
It’s apparent that the value of Ethereum tends to fluctuate greatly, and when people decide to cash out their profits, Ethereum may experience a sudden drop in price.
In other words, if the goal is $4K, maintaining “consistency” will be crucial – it’s something worth focusing on closely in the near future.
Ethereum’s surge: Will it hold?
The fluctuations in Ethereum’s value have been quite erratic. While purchasers have occasionally stepped in to buy during dips, the anticipated surge or breakout that many are eagerly anticipating has not occurred as of now.
Approximately 43.33% of Ethereum appears to be held by large investors, which may indicate it’s caught in a typical cycle where its price can potentially be influenced significantly by these players.
So, it wouldn’t be shocking if this recent accumulation ends up being just another false start.
In today’s unpredictable financial landscape, long-term investors (HODLers) are really facing their endurance to the test. The recent 5% increase has brought some comfort, yet for approximately 23.5 million HODLers, the period of waiting for profits could stretch out a bit more.
Read Ethereum’s [ETH] Price Prediction 2025–2026
As Bitcoin reaches record prices, Ethereum might also climb and aim for around $3,600 in the near future, or possibly replicating the post-election surge to hit $4,000. However, sustaining that high value is a challenge that’s yet to be realized.
As a researcher studying Ethereum’s market trends, what I’m observing is the need for more persistent green candlesticks (upward movements) to help Ethereum break out of its current consolidation phase and potentially propel towards new heights.
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2025-01-20 19:04