Global blockchain supervision and query platform

English
Download

Ethereum Price Prediction – Will ETH Go Absolutely Parabolic? PlutoChain Bitcoin Layer 2 Gets Whale Attention.

Ethereum Price Prediction – Will ETH Go Absolutely Parabolic? PlutoChain Bitcoin Layer 2 Gets Whale Attention. WikiBit 2025-01-16 05:13

Analysts predict it could break new ground, with targets ranging from $3,500 to an ambitious $6,000 as DeFi and Layer-2 solutions gain traction.

Analysts predict it could break new ground, with targets ranging from $3,500 to an ambitious $6,000 as DeFi and Layer-2 solutions gain traction.

Meanwhile, PlutoChain ($PLUTO) may come up as a potential game-changer for Bitcoin, offering scalable Layer-2 solutions with EVM compatibility.

Today, we‘ll cover ETH’s prospects and PlutoChain‘s unique features. Let’s look at the deets.

Can Ethereum (ETH) Surpass $10,000 in 2025 as DeFi and Layer-2 Adoption Surge?

Ethereum (ETH) sits at a price of $3,174 at the moment. Over the past 24 hours, it gained a modest 0.7%, showing a small but steady uptick.

The trading volume for the day stands at $38.78 billion, while its market cap holds firm at $382.59 billion. ETHs price over the same period ranged from $2,979 to $3,197, maintaining a relatively stable performance.

When measured in Bitcoin, Ethereum holds a value of 0.03347 BTC, which marks a 2.1% increase. It shows signs of resilience amid ongoing market fluctuations.

Currently, the RSI sits at 44, which means ETH remains in a neutral zone with no extreme buying or selling pressure.

For now, Ethereum appears to be holding its ground while retaining a hint of upward momentum.

One of the most anticipated changes for ETH is the Pectra upgrade, set for early 2025.

This two-phase upgrade will bring features from 20 Ethereum Improvement Proposals (EIPs) aimed at improving scalability, security, and the overall user experience.

The first phase introduces around 10 EIPs, with the rest rolling out in the follow-up Fusaka phase.

On the political front, many expect Trumps administration to adopt a more crypto-friendly approach, offer clearer regulations and potentially boost the market.

Regulatory progress has also been on Ethereums side. The SEC recently approved eight Ethereum-linked ETFs, which gave traditional investors a way to gain exposure to ETH.

Furthermore, the SEC has closed its investigation into Ethereum 2.0 — a big win for the Ethereum community.

Crypto analyst Teddy believes ETH looks bullish on the weekly chart, breaking multiyear resistance, staying above the Ichimoku Cloud, and consistently making higher lows, suggesting it could reach five figures this cycle.

A crypto analyst on X, Crypto General, expects Ethereum to retest its local support trendline, rebound from it, and possibly hit a new all-time high. His target for ETH is around $6,000.

Nilesh Rohilla, another analyst, predicts Ethereum is more likely to climb to $3,500 before sliding back to $3,000. He recommends entering a long position at $3,340 with a stop-loss set at $3,270.

PlutoChain ($PLUTO) Could Bring Scalable, Secure, and Developer-Friendly Solutions to Bitcoins Future

Bitcoins network often struggles with congestion, slow transaction speeds, and high fees. PlutoChain ($PLUTO) offers a potential solution with its hybrid Layer-2 design.

By creating a parallel network on Bitcoins blockchain, it could reduce traffic, cut fees, and improve scalability.

The 10-minute block time of Bitcoin limits its usability and makes it less competitive compared to faster blockchains like Ethereum or Solana.

PlutoChain‘s Layer-2 tech achieves 2-second block times and handles smart contracts seamlessly. It could build on Bitcoin’s robust infrastructure and extend its use case beyond just a store of value.

EVM compatibility stands out as one of PlutoChains key features. Developers could move Ethereum-based projects to Bitcoin without hassle, which could result in new opportunities. DeFi, NFTs, and AI-driven platforms could find a solid home within this ecosystem.

During its testnet phase, PlutoChain processed 43,200 daily transactions without any hiccups, which showcases its ability to scale and manage real-world demands.

Security remains a top priority. PlutoChain has received audits from SolidProof, QuillAudits, and Assure DeFi, to ensure a strong foundation.

Regular code checks, stress testing, and regulatory compliance add extra layers of confidence.

PlutoChain puts its community in control through decentralized governance. Users vote on proposals, partnerships, and features via the official Discord.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

  • Crypto token price conversion
  • Exchange rate conversion
  • Calculation for foreign exchange purchasing
/
PC(S)
Current Rate
Available

0.00