By Nermeen Nabil Khear 
The price of Ethereum has dipped by 0.5% today, moving to $3,396 as the crypto market suffers a 1.5% loss in the past 24 hours.
ETH is also down by 15% in a fortnight and by 8% in a month, and with the alt posting a relatively modest 47% increase in a year, it has arguably underperformed in 2024.
Yet crypto analyst and trader Carl Runefelt has tweeted that the token remained within a four-hour symmetrical triangle over the weekend, raising the probability of a big breakout.
And with ETH still one of the strongest coins in the market in terms of fundamentals, 2025 could bring some very substantial returns for the token.
Ethereum’s ‘Symmetrical Pattern’ Hints at a Big Move – Will It Hit New Highs?
Looking at Ethereum’s four-hour chart over the weekend, Runefelt – AKA The Moon Show – suggested that its forming of a symmetrical triangle points to an incoming move, in either direction.
$ETH managed to stay within this 4H symmetrical triangle over the weekend! Depending on #Bitcoin, these are the targets:
Bullish – $3,900
Bearish – $2,920
Trade #Ethereum on Bybit – https://t.co/TsSnqpda67 pic.twitter.com/dOwV89SiJ3
— The Moon Show (@TheMoonCarl) December 29, 2024
In his view, if ETH rises in the next day or so, it could rally all the way to $3,900, which would be its highest level since the middle of this month.
However, if it declines – as it has done (slightly) today – it could drop all the way to $2,920.
This is a hard one to call, with some prominent figures actually suggesting that the market could fall significantly around the time of Donald Trump’s inauguration.
Yet the overall, longer term trajectory of the market remains positive, given that we will see a new, pro-crypto chair of the SEC in January, as well as the likely arrival of positive crypto legislation in the US.
BREAKING
FTX WILL START PAYING $16 BILLION
IN CLAIMS FROM 3RD JANUARY 2025NEARLY $12 BILLION IN STABLECOINS
THIS WILL KICKSTART ALTSEASON
pic.twitter.com/S1kA17McyT
— Ash Crypto (@Ashcryptoreal) December 29, 2024
There are also other bullish catalysts to look forward to, including FTX’s release of some $12 billion in stablecoins, which some think could pump altcoins.
More generally, we’ve seen predictions that Bitcoin will continue to reach new ATHs in 2025, while analysts have predicted encouraging things for ETH in particular.
And it has to be remembered that Ethereum continues to be the biggest layer-one network in the market, accounting for more than half of crypto’s entire TVL, and that’s without even including ETH’s layer-one protocols.
Looking at its one-hour chart today, we see it regaining some momentum after a very up-and-down couple of weeks.
Its RSI (purple) has passed 50 and looks like it will reach 70 in a few hours, bringing price gains with it.
Based on this, we could see Ethereum reach $3,500 by tomorrow, and $4,000 by the end of January.
Diversifying into New High-Return Presale Tokens
The only thing with ETH is that, as a major token, it’s likely to experience gradual, rather than spectacular, gains.
For this reason, traders pursuing bigger profits may opt to diversify into newer, smaller cap tokens, which can often outperform the market during their initial phases of growth.
And one token likely to grow strongly next year is Flockerz (FLOCK), a ERC-20 token that has raised over $8.3 million in its hugely popular presale.
With just 25 days left in the presale, The Flock continues to show its strength, with 8M raised!
What a proud day for all of Flocktopia
— Flockerz (@FlockerzToken) December 27, 2024
With only three weeks before its sale ends, investors have been plowing into Flockerz because it’s the market’s first vote-to-earn token, rewarding holders for participating in governance votes.
Every major decision will go to its community, with voters receiving greater rewards the more they participate.
Flockerz will also come with a staking mechanism, meaning that holders will earn staking rewards in addition to voting rewards.
This could make FLOCK very profitable as a token, which helps explain why it has had such a big sale.
It will have a max supply of 50 billion FLOCK, with 20% going to its presale, 25% to staking, and another 25% for governance rewards.
Big Announcement for The Flock
In just 30 days the Flockerz presale will end. This is your last chance to get in on the ground floor, to grab your share of the presale head on over to: https://t.co/HKN509Un5J
It’s time to join The Flock!
pic.twitter.com/OWkEzSXu3u
— Flockerz (@FlockerzToken) December 23, 2024
While time is running out, latecomers can still join the presale by going to the official Flockerz website, where the coin is selling at $0.0065823.
This is its final presale price, although the available evidence suggests that it will rise much higher than this once it lists on exchanges next month.
The post Ethereum’s ‘Symmetrical Pattern’ Hints at a Big Move – Will It Hit New Highs? appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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