30s Summary

Ether is predicted to reach a record high by early 2025 according to a report by Bybit and Block Scholes, despite currently underperforming Bitcoin. Analysts suggest Ether may surpass its resistance level at $4,100, potentially reaching $4,865. Ethereum has experienced significant growth, with over 130,000 new addresses created daily in December. However, Bitcoin has proven a better investment over the last six months, generating a 54% return compared to Ether’s 12%. Other market players, including VanEck, project a more conservative maximum of $6,000 for Ether by 2025.

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Looks like Ether could be set to shatter its previous all-time high in early 2025, say market pundits. Even though Ether (ETH) hasn’t managed to stay over the $4,000 mark, as Bitcoin (BTC) hit a record-breaking $100,000 for the first time earlier in December, things could change soon. ETH has a chance to start gaining on Bitcoin due to the crypto market stabilizing a bit last week.

That’s the verdict from a market analysis report by Bybit and Block Scholes. They say this could signal the start of an upwards rally for Ether, potentially reaching a new peak in early 2025. They believe things are lined up for ETH to hit new records in the next couple of years.

But don’t get too carried away. Over the past six months, Bitcoin has proven to be a better bet for investors – rising over 54% in value, while Ether only generated a 12% return.

Now, the key thing for Ether is breaking that tough resistance level at $4,100. If it manages that, then it could be on course for a high of around $4,865. One crypto analyst, the Long Investor, is betting big on Ether and is willing to stick it out until its value hits $8,800.

According to Ether’s past correlation with the Bitcoin halving cycle, we might see more of Bitcoin’s momentum spilling over to ETH this month. Following every Bitcoin halving, ETH has only underperformed BTC for no longer than 8 months before its value skyrockets.

Just like right now, we are in the 8th month. So, fingers crossed, Ether could soon be closing up on Bitcoin.

If you need more proof of the growing interest in Ether – check out the rising number of new wallets. In December, there were more than 130,000 Ethereum addresses created each day, which is the most we’ve seen in over eight months.

However, bear in mind that other players in the crypto market are predicting more conservative price levels for Ether. VanEck, for example, projected a maximum of $6,000 for Ether and $180,000 for Bitcoin in 2025. So, keep an eye on market trends, do your research and invest wisely.