Ethereum is projected to reach a new all-time high in Q1 2025, with analysts noting a potential breakout above the $4,100 resistance level. Despite recent underperformance compared to Bitcoin, growing investor interest and a strong derivatives market could propel Ether towards $8,800, while more conservative estimates suggest a peak around $6,000. The increase in new Ethereum wallets indicates rising confidence in its future growth as the market moves past Bitcoin's halving cycle.