After turbulence four years after the explosive rally in 2021, Ethereum prices appear to be ready to set a new all-time high. Mostly, the targets that will trigger the next Altcoin season are set above the $5,000 level, and most bullish pressure appears to be waiting for them. So far, Ethereum has not yet beaten this major target, but machine learning algorithms predict that this level will overcome within a very short time frame.
Ethereum price to beat $9,000 in the end
Concodex's machine learning algorithms are quickly surpassing Ethereum, which is over $5,000. The five-day forecast will carry on until the end of this week, indicating that a 10% move will come before the end of the week. This will mark the highest ethereum price ever since 2021, surpassing the $5,200 level.
This forecast has particularly been destroyed by Ethereum over $4,800 recently as the market continues to distort bullish. Ethereum's bullishness is expected to take over in September. There, machine learning algorithms also exceed $5,200 per month.
The short-term Ethereum price forecast is positive, but the main movement is expected to occur in the last quarter of the year. It is expected that in October, November and December, Ethereum prices will be seen at an all-time high from the previous month, with plans to close in Green in 2025.
The machine learning algorithm in October is expected to cost more than $8,100, and from here it will increase the price by more than 69%. Then the following month, November 2025, if the price is expected to exceed the $9,000 level. This means that the time frame for Ethereum prices to reach $9,000 could be just three months.
As for December, prices are expected to fall from $9,000, but they still remain high. The maximum price is $7,278 and the minimum price is $6,876. This means it will increase by more than 50% from the current price.
Q4 is where magic happens
Historically, the last quarter of the year has always been bullish at Ethereum prices. So it's not surprising that machine learning algorithms are hoping that cryptocurrencies, the second largest by market capitalization, will reach new all-time highs in the fourth quarter. According to data from Cryptorank, the last quarter of the year is approaching, earning double-digit profits from Ethereum over the past five years.
The last time the price hits a new all-time high was in November, coinciding with expectations that ETH would reach $9,000 ATH in November this year. If the trend applies, Ethereum may earn an average of 20% or more before the quarter ends due to its incredibly bullish fourth quarter.
