Ethereum (ETH) is ]currently trading at $3,720.10, the price has climbed by 1.74% in the last 24 hours. Volume is up too, with $45.73 billion exchanging hands—a 4.81% spike. Over the past week, ETH has seen a 2.87% rise, reinforcing growing investor confidence as it targets the critical $4,000 resistance.
This climb isn’t random. Ethereum has broken through key levels like the 200-day SMA, $3,000, and $3,450. Analysts CoinCodeCap point out that this surge puts ETH in “overbought” territory, with RSI above 80. While sentiment is bullish, many warn that ETH may be due for a breather before charging further ahead.
RSI Signals Overbought Conditions for ETH
Technical indicators flash caution. The RSI above 80 suggests heavy buying pressure, and the MACD histogram is shrinking, showing weaker upward momentum. Experts believe the $4,000 mark won’t fall easily. ETH is showing strength, but short-term exhaustion could trigger a pullback to safer support zones between $3,000 and $2,760.
CoinCodeCap’s forecast sees Ethereum in a strong uptrend, but also overextended. Profit-taking near $4,000 is likely. Traders looking for entry points might find better odds if ETH dips to the $3,000 region. The key catalyst to watch? A potential ETH Spot ETF with staking in 2025, which could turbocharge demand in the long term.
Ethereum price predictions for 2025
Forecasts for 2025 are split. Per digitalCoinPrice, Ethereum should go up from $4,891.70 and shoot for $8,081.07 until December. On the strength of bullish investor optimism as well as long-term fundamentals, they place ETH at $7,375.85 to $8,081.07. If that were to happen, a strong breakout can occur before December.
Changelly sees a more low-key path. Their projections for 2025 set the average of ETH at $4,274.87 with potential lows of $2,422.99 and highs of $3,348.93. By their calculations, the rate of return on investment would decline -14.8%. For next July, they foresee ETH trading at $3,764.87. Investors have a split signal to deal with.
