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- Ethereum (ETH) has been predicted to hit $7,200 this quarter as analysts spot the formation of an inverse head-and-shoulders pattern.
- Solana (SOL) has also been tipped to hit $4000 as it forms a cup and handle pattern over three years.
The altseason is fast approaching as its related indicator shows a reading of 45/100 amid the broad market recession. To stay ahead of the market, CNF has compiled a fresh list of tokens that could record a significant level of gains before the end of the first quarter of 2025 (Q1 2025).
Ethereum (ETH)
Ethereum (ETH) is currently struggling to return to the top since declining from a 2024 high of $4,106 to find support at $2,920 on the monthly price chart. Currently, ETH is trading at $3,200 after surging by 4% in the last 24 hours and declining by 11% in the last seven days. Meanwhile, a CNF report estimates that the asset could return to $4000 in or before February.
Agreeing with its bullish potential, an analyst identified as MikyBull recently pointed out the formation of an inverse head-and-shoulders pattern, which is usually associated with a bullish reversal. Another analyst called Wolf highlighted a similar formation in his thesis and projected ETH to hit $7,200. Meanwhile, some experts have tipped the asset to hit between $10k and $12k in this cycle.
Solana (SOL)
Solana (SOL) is one of the most affected cryptos in the ongoing pullbacks, losing 12% of its value in the last seven days to trade at $186. At press time, the asset was ranked the sixth largest crypto in the world, with a market cap of $90.5 billion.
According to Ali Martinez, SOL could flip over the current sentiment to stage a 1,800% rally to hit $4000. As we highlighted in a CNF report, this projection is based on the formation of a cup and handle pattern, which has been developing from the 2022 bear, the 2023 consolidation, and the 2024 bull market.
It is important to note that the cup and handle pattern is labeled as the third most effective bullish pattern, with a 61% success rate. As shown below, the cup represents consolidation and recovery, followed by a small handle, which indicates a brief pullback before the breakout.
Adding to this, Messari analysts expect SOL to hit a significant price level in 2025, triggered by the $173 million in funding recorded in the third quarter of 2024 (Q3 2024).
Sui
Sui is currently the 12th largest crypto with a market cap of $4.29 billion. At press time, the asset had declined by 11% in the last seven days to trade at $4.57. Multiple predictions have positioned Sui at $11 in 2025 after surging by almost 600% in 2024.
Days ago, Sui reached a historic Total Value Locked (TVL) of $2 billion and an open interest of $1.47 billion. According to data, the network has recorded a monthly gain of 13.5% in constant Decentralized Exchange (DEX) trading volume of $40 billion. It has also sealed multiple strategic partnerships with heavyweight financial companies, including VanEck, Grayscale, and Franklin Templeton. Apart from these, Sui is eyeing another partnership with OpenAI, per a CNF report.
Currently, the asset has a crucial support level of $4.56 and a secondary support level of $4.00. A successful hold above this level could push the asset above its psychological level at $5.00.
