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There is a forecast that Ethereum (ETH) will show a significant upward trend in the first quarter of next year.

On the 30th (local time), CryptoQuant author Crypto Sunmoon stated, “Despite the sharp price correction, Ethereum long position liquidations are occurring less than expected, indicating high investor confidence,” and predicted, “A significant upward trend can be expected in the first quarter of 2025.”

According to the author, recent Ethereum liquidity providers are reducing long position liquidations, and the price is showing a pattern similar to last year. Currently, Ethereum is trading at $3359.98 on CoinMarketCap, up 0.24% from the previous day.