Analysts predict that Ethereum could surge up to 97% in the next four months and reach $7,238 in the first quarter of 2025.
Cryptocurrency analysts claim that a striking formation has formed on the price chart of Ethereum (ETH), which could indicate a 97% rise in the next four months.
Pseudonymous crypto analyst Venturefounder noted on Nov. 30 that Ethereum is about to complete a three-year “cup and handle” formation. “If Ethereum confirms $3,800 as support, this formation will be complete,” he wrote.
$10,000 forecast for Ethereum in the first quarter of 2025
According to the analyst’s estimates, the Ethereum price could reach $5,349 in the first stage, then see $6,457, and then go up to $7,238 before the end of the first quarter of 2025. These targets represent an increase of approximately 97% compared to its current price of $3,669.
Although Ethereum has recorded a 47% price increase since November 1, Venturefounder noted that the strong stance of the US Dollar Index (DXY) is suppressing a potential explosion in ETH price:
DXY is trading in the 100-106 range this cycle but is poised for a bigger breakout compared to previous cycles; Ethereum is set to explode.
Meanwhile, another analyst, Titan of Crypto, noted that Ethereum had completed the Ichimoku Golden Cross on the weekly chart, predicting that the price could hit $5,800.
Crypto investor Wolf made an even more ambitious prediction, stating that ETH could rise to $9,000-10,000 by May 2025.
New Record for Spot Ethereum ETFs
Positive expectations for Ethereum are not limited to price analysts. Pseudonymous analyst Doctor Profit stated that Ethereum’s levels below $4,000 present an opportunity for medium-term investors. “Every price below $4,000 is a gift,” emphasized the analyst, adding that it is still a good time to invest.
Additionally, daily inflows into spot Ethereum exchange-traded funds (ETFs) in the U.S. hit a record $332.9 million on Nov. 29, Cointelegraph reported on Nov. 30. This figure surpassed the previous record of $295.5 million set on Nov. 11 by $37.4 million.
While these developments in the Ethereum market create great excitement for investors, it is eagerly awaited how the price movements will shape in the coming months.
Stay tuned