According to one crypto analyst, Ether has formed a convincing pattern on the price chart, suggesting it could rise as much as 97% within the next four months.
“ETH is in the process of developing a cup and handle that will take three years. Once Ethereum confirms $3.8 million in backing, it will be completed soon,” a pseudonymous crypto analyst Venture Founder told X on November 30th. He spoke at post.
Target is the end of the first quarter of 2025
The venture founder set an initial target price for Ether (ETH) of $5,349, then $6,457, and expected to reach his third target of $7,238 by the end of Q1 2025 at the latest. According to CoinMarketCap, this represents an increase of approximately 97% from Ether's current price of $3,669. data At the time of publication.
At the time of publication, Ether is trading at $3,669. Source: CoinMarketCap
Despite Ether's price surging 47% since November 1st, venture founder claims its price has not yet 'exploded' as the US dollar index (DXY) remains strong did. DXY was a market that had previously fallen to lower levels before the cryptocurrency's significant price movement.
“DXY has been hovering between 100 and 106 this cycle, but an even bigger breakdown than in past cycles is about to occur. ETH will explode,” they said.
According to TradingView, DXY is at 105.78 at the time of article publication. data.
Pseudonymous cryptocurrency trader Titan of Crypto predicted Ether is said to be priced at $5,800 as the Ichimoku Golden Cross “finally occurred on a weekly basis.”
sauce: crypto titan
Virtual Currency Trader Wolf added“We are calling on ETH to reach 9,000-10,000 by May 2025.”
Spot Ether ETF achieves new daily inflow record
Pseudonymous crypto trader Dr. Proffitt suggested to his 333,300 X followers that Ether may be available for purchase. The trader said this in the X paper on December 1st. post “Anything below 4K is a medium-term gift.”
“It's still a good time to get in,” Dr. Proffitt added.
Related: Ether to surpass $4,000 before Trump takes office — Analyst
Meanwhile, Cointelegraph reported on November 30th that the US Spot Ether exchange-traded fund (ETF) achieved a new record for daily inflows on November 29th.
According to Farside dataOn November 29th, $332.9 million flowed into the 9 Spot Ether ETF, surpassing the previous single-day inflow record ($295.5 million reached on November 11th) by $37.4 million.
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