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Is $7K the Next Target?

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1 month ago

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As the crypto market is regaining momentum following the recent turmoil, leading altcoins such as Ethereum are exhibiting significant signs of growth and renewed potential. Driven by historical data, analysts and experts remain optimistic that 2025 Q1 will be bullish for the Ethereum price.

Ethereum Price Awaits Huge Breakout, Targets $7.5K

Crypto enthusiast TraderPA took to the X platform to share a bullish view on the Ethereum price.  According to TraderPA’s analysis shared via an X post, Ethereum (ETH) is set to pump by 3x in 2025, targeting the ambitious $7.5k.

Similarly, Mister Crypto, another crypto analyst, predicted that a huge breakout would be inevitable for Ethereum. At the same time, trader Ted shared a long-term target for the Ethereum price. As per his analysis, Ethereum’s price could potentially surge to $5,000, $7,000, or even a more aggressive target of $10,000.

2025 Q1: A Bullish Quarter Ahead?

According to Crypto Rover, a prominent analyst, Q1 is usually bullish for Ethereum, especially during a bull market. Drawing on Ethereum’s successful price trends in the first quarters of 2017 and 2021, Crypto Rover forecasts a repeat of this historical pattern.

Interestingly, the Ethereum price which stood at $7 in January 2017 increased to $56 in March. Similarly, ETH saw a steep climb from $560 to $2,100 in 2021 Q1.

Ethereum Mirrors Bitcoin’s Rise: What To Expect?

As of press time, Bitcoin is exchanging hands at $97,555.74, marking a marginal increase of 0.67% over the last 24 hours. Meanwhile, Ethereum is still caught within the bearish trend, registering a daily drop of 0.75% and a weekly decline of 20.62%.

Nevertheless, both Bitcoin and Ethereum are displaying strong upside momentum, indicating a potentially bullish outlook. While Bitcoin is experiencing an upward push, Ethereum is following suit.

According to Merlijn The Trader, Ethereum is following Bitcoin’s 2016-2017 cycle to perfection. The analyst added that Ethereum is set for a parabolic move to new all-time highs if history repeats.

Increasing ETH Purchases Trigger Price Surge

Notably, the Ethereum price’s potential rally could be attributed to multiple factors, including massive ETH purchases. Amid the sensational Bitcoin ETF in-kind redemption procedures, asset manager BlackRock has acquired approximately $280 million in Ethereum ETFs.

In addition, investment firm Fidelity and President Donald Trump’s crypto project, World Liberty Financial, have also invested millions in Ether. Thus, it is obvious that these huge ETH purchases have significantly contributed to the Ethereum price’s possible bullish trajectory.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Can Dogecoin Price Still Hit $5 Despite US SEC’s DOGE ETF Delay?

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23 minutes ago

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March 12, 2025

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The crypto market has rebounded strongly from its recent turmoil, reaching a value of $2.65 trillion with a 1.30% increase. In tandem with this trend, Dogecoin’s price has surged by almost 2% over the past day. Analysts remain optimistic about DOGE’s potential for a bullish rally, further fueling the current upward momentum.

Will Dogecoin Price Reach $5?

In a recent X post, market analyst CryptoELITES shared a bullish forecast for Dogecoin price. The analyst predicted that DOGE will reach $5 in the near future. To strengthen their analysis, CryptoELITES presented a historical chart that signals Dogecoin price’s target of $5.

Meanwhile, Trader Tardigrade has identified the formation of a 5-wave Descending Broadening Wedge on the 4-hour chart, indicating an impending breakout. Following a confirmed RSI bullish divergence, Dogecoin ($DOGE) rebounded to test the descending resistance line of the wedge. According to the analyst’s predictions, Dogecoin could reach $0.1780.

Can Dogecoin Price Still Hit $5 Despite US SEC's DOGE ETF Delay?Can Dogecoin Price Still Hit $5 Despite US SEC's DOGE ETF Delay?

Increased Whale Activity and ETF Frenzy Spark Bullish Resurgence

During the last crypto market correction, Dogecoin dipped by nearly 20% falling from $0.22 to $0.17. However, large Dogecoin investors or whales have utilized the opportunity to amass 1.7 billion DOGE worth $298 million in just 72 hours.

Reflecting on this increased whale activity, analyst Lumen projected Dogecoin price’s surge to $0.5. He added that the target is possible if DOGE surges past $0.2 before the ETF approval.

Interestingly, crypto expert DOGECAPITAL posited that the Dogecoin price could reach an ambitious point of $90 by the end of 2025.

In a recent development, the US Securities and Exchange Commission (SEC) has reportedly delayed its decision on approving ETFs for Dogecoin (DOGE), XRP, Solana, and Litecoin, despite growing anticipation. However, ETF Store President Nate Geraci remains optimistic, asserting that the ETFs will ultimately be approved.

Why $2 is a Pivotal Target for Dogecoin Price?

Notably, $2 has been a pivotal target for the Dogecoin price. Many crypto experts have predicted DOGE’s potential rally targeting around $2. For instance, Dogecoin co-founder Billy Markus projected Dogecoin price’s possible surge to $2.3, marking a staggering 500% uptick.

Similarly, analyst Javon Marks underscored DOGE’s potential to hit $2.3, citing historical patterns. According to Changelly, DOGE will reach the projected $2.3 by July 2032.

As of press time, DOGE is valued at $0.1614, with an uptick of 3.64% over the past 24 hours. Despite the daily surge, Dogecoin price saw massive declines of 17% and 34% over the past week and month, respectively.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Reveals Major Backing For These 5 Crypto, Prices To Rally?

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1 hour ago

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March 12, 2025

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The latest update from cryptocurrency exchange Binance nabbed substantial investor attention globally. An update from the platform on Wednesday revealed that users are poised to witness five new spot listings shortly ahead. A stockpile of other new trade services for the same will follow. In turn, market participants weigh considerable optimism on the assets’ future price movements amid enhanced market support.

Binance Reveals Spot Listings For 5 New Crypto Pairs

In an official release dated March 12, Binance revealed that it will open trading for the following pairs starting March 13 at 08:00 UTC.

  • CVC/USDC
  • EURI/USDC
  • SYN/USDC
  • USDC/RON
  • VELODROME/USDC

What’s More?

Further, the top crypto exchange will also commence trading bot services for the abovementioned pairs on the same date and time. In particular, users are to enjoy ‘Spot Algo Orders’ services on these pairs.

As a response, market participants anticipate rising trading volumes in these assets amid enhanced market offerings that attract investors. This saga could potentially bolster price actions despite the recent broader market turmoil.

Why Did Binance Reveal These Listings?

Notably, the exchange’s announcement added that this decision is to expand the list of trading choices offered to users. With this, the crypto exchange behemoth continues to cement its global ranking, offering users top-notch trading opportunities.

However, the announcement also revealed that users in the following regions cannot trade these pairs:

  • Canada
  • Cuba
  • Crimea Region
  • Iran
  • Netherlands
  • North Korea
  • Syria
  • United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
  • Any non-government-controlled areas of Ukraine.

“RON is fiat currency and does not represent any other digital currencies,” Binance added.

Can These Crypto Rally?

For context, usual market sentiments about prices remain highly positive amid new spot listings on crypto exchange giants. Primarily due to the platform’s colossal user base, market watchers anticipate a huge money influx in tokens in light of the enhanced trade offerings.

However, it’s also worth taking into account the broader crypto market turmoil with investors’ cautious approach. Notably, the crypto sector faces immense pressure amid rising U.S. recession fears and Trump’s tariff chronicles. Nevertheless, traders and investors continue to eye Binance’s updates, expecting gains in the wake of rising market exposure.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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21Shares Reduces Fees for Bitcoin Ethereum Core ETP, Lists on Xetra

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2 hours ago

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March 12, 2025

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In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.

Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.

21Shares Lowers ABBA’s Management Fees and Lists on Xetra

According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.

Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025. Backed by BTC and ETH, the 21Shares ABBA has become an even more compelling investment option with its reduced management fee of 0.49%. It offers investors a convenient and cost-effective way to tap into both leading cryptocurrencies.

ABBA’s Xetra Listing: 21Shares’ European Expansion

Interestingly, 21Shares is envisioning the expansion of ABBA’s availability. Thus, the ETP provider has listed ABBA on Xetra, Deutsche Börse’s leading trading platform for exchange-traded products, expanding its availability. Commenting on the development, Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”

The listing of ABBA on Xetra is a strategic step in 21Shares’ expansion plans, aiming to enhance liquidity, accessibility, and transparency for European investors. Thus, the development ultimately solidifies the company’s presence in the region. Chiu further stated,

At 21Shares, our mission is to provide investors with the most efficient and innovative crypto investment products. Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle.

This move follows the US Securities and Exchange Commission’s (SEC) decision to postpone the approval of several ETFs, including 21Shares’.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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