Ethereum Price Expected to Reach New All-Time High by March
Bitcoin continues to reach new highs, while ether's price stands at $3,470, approximately 30% below its all-time high of nearly $4,900 set in November 2021.
LMAX Group market strategist Joel Kruger noted that a weekly close above $4,000 could accelerate ETH's rally toward its peak, potentially occurring by year-end. Following the recent FOMC meeting, both BTC and ETH experienced dips; however, Kruger remains optimistic about the long-term price outlook for crypto assets.
CoinShares research associate Luke Nolan anticipates that ETH could achieve a new high by February or March if market momentum and ether ETF flows remain strong. He identifies several favorable factors for ETH: a multi-year low in the ETH/BTC ratio, shifts in retail and institutional sentiment, and its relative value as one of the few notable coins yet to reach an all-time high this cycle.
Since November 6, US spot ETH products have seen $3 billion in net inflows, compared to $13.5 billion for spot BTC funds. Nolan asserts that investors find BTC easier to sell due to its digital gold narrative, while understanding ETH as a decentralized AWS analogy is more complex. However, he believes awareness of ETH's value proposition is increasing.