Ethereum is currently trading within an ascending channel, indicating a potential for a significant upward movement in 2025. Analyst Carl Runefelt suggests there might be a pullback to $3,500 before the next major rally occurs. Recently, Ethereum broke above the 4-hour 200 moving average at $3,629, marking a positive momentum.
Historically, post-halving years have shown robust performance for altcoins, hinting at a potentially promising future for Ethereum as well. The current market sees Ethereum consolidating around $3,650, keeping traders and investors vigilant about upcoming moves.
