A crypto analyst predicts that the Ether (ETH) price could increase by 97% by the end of the first quarter of 2025. This prediction is based on the 3-year handle and cup formation seen on the ETH price chart, which is about to complete.
Venturefounder, an anonymous analyst, noted that Ethereum is very close to completing this formation. If ETH confirms the $3,800 level as support, the first target price is estimated to be $5,349, followed by $6,457, and finally $7,238. This would represent a roughly 97% increase from Ether’s current price of $3,669.
Although ETH has gained 47% since the beginning of November, the price has not made a big jump as the US Dollar Index (DXY) is still holding strong. However, if the DXY weakens, Ether is expected to rise rapidly.
Another anonymous crypto analyst, Titan of Crypto, predicts that Ether will move towards $5,800 due to the Ichimoku Golden Cross formation on the weekly timeframe. Crypto analyst Wolf predicts that ETH could reach $9,000-$10,000 in May 2025. Doctor Profit, on the other hand, says that “Any price below $4,000 is an opportunity for medium-term investment,” indicating that current price levels are suitable for buying.
On the other hand, a record was broken in daily fund inflows to spot Ether ETFs in the US on November 29. A fund inflow of $332.9 million was realized, exceeding the previous record of $295.5 million (November 11).