Is Ethereum Making a Comeback? Analyst Predicts New ATH in February

World Liberty Financial, associated with Donald Trump’s DeFi protocol, has been actively purchasing Ethereum, with investments totaling approximately $200 million since November. This massive buying activity has fueled speculation that Ethereum could see a major price move, with analysts predicting a run toward $4,500 by February 2025.

Analysts See Ethereum Push Toward $4,500

On The Paul Barron Network, analyst Evan Aldo revealed that he is expecting ETH to reach this mark ($4500) by mid-March, driven by a strong upward trajectory seen in recent price patterns.

According to him, Ethereum could break its previous all-time high by April, potentially reaching $4,300. As the year progresses, there’s hope that Ethereum may continue its upward momentum, possibly touching $5,500 by mid-year. A more bullish outlook by him suggests that by the end of 2025, Ethereum could even soar to $7,400, with many seeing this as a long-term upward trend.

The market remains bullish, with indicators pointing to Ethereum outperforming Bitcoin. Although there’s always uncertainty, he views this as a prime opportunity to invest in Ethereum, believing its strong fundamentals make it a favorable choice, despite the fear and volatility present in the market.

Altcoins Gaining Strength Against Bitcoin?

Several altcoins outside the top 10 are showing potential for growth. While a “Blood Diamond” pattern (Chart below) hints at bearish signs, it’s not always a clear indicator of a downturn.

Source: PaulBarronNetwork

The current cycle seems more similar to 2017, when altcoins saw massive gains. Over the next month, the market could see altcoins start to gain ground over Bitcoin, with some possibly seeing gains of up to 400%.

Ethereum, in particular, has been showing weakness against Bitcoin, but it’s nearing a key support level. A similar pattern occurred in 2019 when Ethereum hit a bottom, then rebounded.

If Ethereum follows the same path, it could see a sharp recovery, potentially outperforming Bitcoin by 200% or more in the coming year.

Source