Market experts forecast Ether (ETH) could surpass its previous all-time high of $4,865 during the first quarter of 2025. Despite Bitcoin’s groundbreaking surge to $100,000 on December 6, Ether has struggled to stay above the key $4,000 threshold. However, recent market trends suggest Ethereum may soon catch up to Bitcoin's impressive performance.

Leverage Reset Positions Ether for Growth

A market report from Bybit and Block Scholes highlights a crypto market deleveraging event last week, indicating a reset in leveraged long positions. This reduced leverage could pave the way for Ether to rally to new highs. Analysts anticipate a significant price climb, projecting ETH could reach $8,800 based on its ascending triangle chart pattern, a bullish indicator.