Ether price prediction

The cryptocurrency market is showing signs of recovery, driven by supportive comments from the Bank of Japan, though Ethereum (ETH) faces challenges such as ongoing liquidations and selling pressure from large wallets. Analysts predict Ethereum Classic (ETC) could see price predictions ranging from $9.46 to as high as $60 in 2024, while current prices sit around $19.10. Despite ETH's recent price drop below $3,000, experts suggest this could be a buying opportunity, with predictions of potential future highs beyond $10,000 by 2025. On-chain data indicates some positive trends, such as significant inflows into Ethereum ETFs and increased activity in dormant wallets, which may signal renewed investor interest. However, caution is advised as the market experiences volatility, and some analysts foresee further declines in ETH prices before a recovery. Ultimately, the outlook for Bitcoin remains optimistic, contrasting with ETH's current struggles.