Ethereum’s bullish forecast: Recently, Ethereum (ETH) has shown impressive growth of around 8% over the past week, leading to predictions of potentially reaching new record highs. Experts, like AlejandroBtc, predict that ETH could hit 7,000 USD in January and may rise to 14,000 USD by March 2025.

Current status and resistance levels for Ethereum: Ethereum is currently trading around 3,389.53 USD with a market capitalization exceeding 408 billion USD. To achieve higher price targets, ETH must overcome the current resistance level at 3,400 USD. If successful, ETH may continue to rise to 3,900 USD and then 4,000 USD in the near future.

Technical indicators and potential risks: The MA crossover indicator shows a bullish structure, with the 9-day MA above the 21-day MA, implying upside potential. The Pi Cycle Top indicator also suggests that ETH could reach 5,800 USD. However, the cryptocurrency market is volatile with potential risks that could lead to price corrections.

Expectations and immediate challenges: Ethereum recently traded at 3,454.20 USD, up 2.69%, and is facing resistance at 3,500 USD. A breakout above this level could push the price to 3,700 – 3,800 USD. Meanwhile, indicators like RSI show that ETH is nearing overbought territory, signaling potential price correction.