- Ethereum is trading at $3,980.99 with a strong daily trading volume of $20.43 billion, indicating continued upward potential.
- Tron founder Justin Sun recently deposited 29,920 ETH ($119.7M) to HTX and has profited approximately $366M from his Ethereum accumulation strategy.
- Analyst forecasts Ethereum could hit $6,400–$9,300 by March 2025, driven by strong institutional support and historical trends on the Rainbow Chart.
Ethereum (ETH) is currently on a bullish trajectory, reflecting signs of strength as it is seen to cross key resistance levels. With solid momentum, analysts speculate whether the second-largest cryptocurrency could reach new heights in the coming months.
At the time of writing, Ethereum’s cost is $3,980.99. Its 24-hour trading volume is $20.43B, its market capitalization is $479.48B, and its market dominance is 12.96%. The ETH price decreased by -0.04% in the past 24 hours.
Justin Sun’s Massive Ethereum Moves
Recent data from Spot On Chain has shed light on significant transactions by Tron founder Justin Sun. Sun reportedly deposited 29,920 ETH (valued at $119.7 million) to HTX just hours after Ethereum’s price breached the $4,000 mark.
This deposit forms part of Sun’s broader ETH accumulation strategy, in which he allegedly acquired 392,474 ETH between February and August 2024 at an average price of $3,027. With ETH’s current price trajectory, Sun is estimated to have realized a profit of approximately $366 million, excluding additional income from staking rewards and airdrops.
In addition, Sun deposited staking rewards of 322,119 EIGEN ($1.44 million) and 175,021 ETHFI ($516,000) to HTX, demonstrating the significant benefits of his long-term Ethereum holdings.
ETH Could Hit $6,400- $9,300 by 2025
Prominent crypto analyst Titan of Crypto has sent enthusiasm high as ever with his back-of-the-envelope calculation that Ethereum could touch between $6,400 and $9,300 by March 2025. He bases the forecast on Ethereum’s placement in the “dark orange zone” of the oft-cited Rainbow Chart- a model reliant upon history for determining where a probable range might fall.
Titan of Crypto pointed out that ETH might go even higher, as much as $9,300, if it enters the “red zone” part of the chart, which represents extreme market euphoria.
Ethereum is riding a wave of optimism buoyed by institutional investments and positive market sentiment. Though short-term volatility may be a reality, for ETH to reach a price of $6,400 or as high as $9,300 by 2025 would redefine its role as a key asset in the crypto ecosystem.
The coming weeks will be crucial for ETH, as it aims to maintain its bullish momentum and solidify its position as a leading cryptocurrency in the blockchain space.
