This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Ethereum’s native cryptocurrency, Ether (ETH), has shown strong resilience in the market, currently trading at around $2,000. Analyst FieryTrading predicts that ETH could reach its all-time high of over $4,800, citing a bullish pattern that has been in place for the past year and a half. They argue that a breakout from this pattern could result in significant gains for ETH, as short-trade stop-losses would be forced to buy back their positions. FieryTrading expects ETH to reach nearly $5,000 by early 2025. In addition to their analysis on ETH, FieryTrading also provides insights on Cardano’s native token, ADA. They believe that ADA is poised for a remarkable increase towards $35 in the next two years. This prediction is based on certain parallel channels that suggest the beginning of a bull run. Assuming ADA continues to follow this pattern, FieryTrading anticipates it to surpass $35 by the time the bull-market top occurs in 2025.