Ether is showing a promising pattern on the price chart, potentially signaling a surge of up to 97% within the next four months, according to a crypto analyst.
“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous analyst Venturefounder said in a Nov. 30 post on X.
Targets and Timeline
Venturefounder projected Ether’s first price target at $5,349, followed by $6,457, with a third target of $7,238 expected by the end of Q1 2025.
This represents a potential 97% increase from Ether’s current price of $3,669, as reported by CoinMarketCap at the time of publication.
Market Factors
Despite a 47% price spike since Nov. 1, Venturefounder noted that Ether’s price has not “exploded” yet due to the U.S. dollar index (DXY) holding strong.
“DXY has been trending between 100-106 this cycle, but it is about to have a bigger breakdown than past cycles; ETH will explode,” they explained.
The DXY stands at 105.78 at the time of writing, according to TradingView.
Other analysts have shared bullish outlooks.
Pseudonymous trader Titan of Crypto forecasted Ether reaching $5,800, citing the Ichimoku Golden Cross on the weekly chart.
Meanwhile, Wolf predicted, “I’m calling ETH to hit 9k-10k by May 2025.”
Spot Ether ETFs and Buying Opportunities
Doctor Profit, another crypto analyst, suggested that Ether offers a strong buying opportunity below $4,000.
“Everything below 4k is a gift for the mid-term,” they said in a Dec. 1 post, adding, “It’s still a good time to enter.”
On Nov. 29, Ether ETFs in the U.S. recorded $332.9 million in daily inflows, setting a new record and surpassing the $295.5 million inflow on Nov. 11.
