Ethereum is drawing significant attention with predictions of substantial price growth by early 2025.
Ethereum is drawing significant attention with predictions of substantial price growth by early 2025. Analyst Venturefounder highlights that Ethereum is forming a three-year "cup and handle" pattern, a bullish structure that could lead to a 97% price surge. The analyst asserts that Ether must confirm $3,800 as support for the pattern to hold, with potential price targets at $5,349, $6,457, and $7,238 by the end of Q1 2025.
Ether’s price has risen by 47% since Nov, 1 but has yet to experience a decisive breakout. Venturefounder attributes this to the U.S. Dollar Index (DXY), which has remained strong, hovering between 100 and 106. A further decline in the DXY, currently around 105.78, could trigger significant upward movement.
Other traders share similar bullish expectations. Titan of Crypto observes a rare Ichimoku Golden Cross on Ethereum’s weekly chart, signaling a potential rise to $5,800. Another trader, Doctor Profit, views the current price range as a favorable midterm entry point, projecting a breach of the $4,000 mark soon. Doctor Profit describes prices below $4,000 as an opportunity for buyers.
Institutional adoption is adding momentum to Ethereum’s outlook. Record-breaking inflows into Ether exchange-traded funds (ETFs) in the U.S. reflect growing confidence. On Nov. 29, nine Ether ETFs saw daily inflows of $332.9 million, surpassing the previous record of $295.5 million on Nov. 11. Weekly data from Farside reveals consistent net inflows, indicating rising institutional interest.
Whale investors are also showing strong confidence in Ether. Over the past four days, major holders have accumulated more than 280,000 ETH, equivalent to roughly $1 billion. Additionally, the on-exchange supply ratio of Ether has reached its lowest level since 2016, suggesting sustained accumulation by long-term investors.
Another analyst, Wolf, presents an even more ambitious forecast, predicting Ether could reach between $9,000 and $10,000 by May 2025. While optimistic, these projections depend on Ethereum maintaining critical support levels and overcoming market pressures such as the strength of the U.S. dollar.
As Ethereum’s price dynamics play out, attention remains on key indicators like support validation, whale activity, and institutional investments. These factors collectively position Ether for potential growth, though realizing such targets will depen
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