PANews reported on December 14 that according to Cointelegraph, market analysts said that Ethereum may break through its previous historical high in the first quarter of 2025. According to the market report released by Bybit and Block Scholes, after the deleveraging of the crypto market last week, ETH may soon begin to catch up with Bitcoin's gains, "which indicates a reset of leveraged long exposure." Bybit analysts pointed out that as price catch-up expectations are fully underway, ETH will also show strength in the derivatives market.