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Ethereum’s new all-time high in March ‘is highly likely,’ says analyst

Ethereum ( ETH ) is showing signs of a strong upward move, with technical indicators pointing to a potential rally. According to an analyst, ETH could reach a new all-time high in March, sending it to above $4,880 per token. A recent analysis by TedPillows suggests that ETH has entered its short-term expansion phase following a period of accumulation and manipulation. This breakout from consolidation indicates that Ethereum could be on the verge of a significant price surge, with new highs in sight. Ethereum’s breakout signals strong momentum According to the analysis , Ethereum’s price action has followed a classic accumulation and expansion pattern, where prolonged consolidation leads to a breakout and trend continuation. ETH has now decisively entered its expansion phase, with the price structure favoring further upside movement. Ethereum price analysis chart. Source: TedPillows/X Ethereum currently trading at $3,327.51, has posted a 3% gain in the last 24 hours. This renewed momentum suggests ETH is regaining strength, setting up for a potential rally in the coming weeks. “Ethereum has entered its short-term expansion phase. I can see ETH rallying above $4K in the coming days before any correction. I can see ETH rallying above $4K in the coming days before any correction. IMO, $ETH to $4.5K in Feb and a new ATH by March is highly likely. Especially if Trump keeps on buying Ethereum.” — the analyst noted According to the analysis, if ETH maintains its breakout momentum and clears $3,800, it could rapidly test the $4,000 level, with $4,500 in February becoming a strong possibility. Further bullish momentum could push Ethereum to challenge its all-time high (ATH) of $4,878, potentially setting up a new record by March. What’s driving Ethereum’s uptrend? Ethereum’s recovery follows a sharp downturn earlier in the week, triggered by the emergence of China’s AI model, DeepSeek . However, renewed optimism in the broader cryptocurrency market, following the Federal Reserve’s decision to hold interest rates steady, has fueled a rebound across both crypto and equity markets. Investors are now shifting focus to the upcoming U.S. Personal Consumption Expenditures (PCE) price index, a key inflation gauge that could further impact market sentiment. Beyond macroeconomic factors, Ethereum’s bullish momentum is also being driven by institutional accumulation. As reported by Finbold, Trump’s World Liberty Financial (WLFI) has accumulated over $420 million in digital assets, including more than $210 million worth of Ethereum. On-chain data also indicates a surge in whale activity, further highlighting Ethereum’s strong demand. According to an X post by crypto analyst Ali Martinez on January 31, Ethereum whales acquired over 100,000 ETH during the recent price dip, signaling a ‘buy-the-dip’ strategy among large investors. Whales bought over 100,000 #Ethereum $ETH during the recent price dip! pic.twitter.com/q2iHx2aIO8 — Ali (@ali_charts) January 30, 2025 Looking ahead, AI models also forecast a bullish near-term target for Ethereum at $3,750 by the end of Q1 2025, assuming continued market activity and strong demand. While this prediction is more conservative than the $4,500 target, it still indicates a strong uptrend for Ethereum, strengthening optimism for long-term gains. With rising interest from both institutional investors and large individual holders, Ethereum appears well-positioned to sustain its upward trajectory. This sustained demand could support further gains in the coming weeks, provided macroeconomic conditions remain favorable. Featured image via Shutterstock The post Ethereum’s new all-time high in March ‘is highly likely,’ says analyst appeared first on Finbold . Bitcoin World

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Arkansas Senate Rejects Bill Restricting Bitcoin Mining Near Military Sites

The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin Bitcoin World