Venturefounder predicts the first price that Ether will reach is $5,349, followed by $6,457, and the third target is $7,238, which is expected to be achieved by the end of Q1 2025. This forecast corresponds to an increase of about 97% compared to the current price of Ether at $3,669, according to data from CoinMarketCap.
Although Ether has increased by 47% since November 1, Venturefounder believes that the price of ETH has not yet “exploded” as the U.S. Dollar Index (DXY) remains strong, whereas this index usually drops to lower levels before significant movements in the cryptocurrency market.
“DXY is oscillating between 100 and 106 in this cycle, but it is about to have a larger drop compared to previous cycles; at that point, ETH will explode,” Venturefounder remarked.
According to data from TradingView, DXY is at 105.78 at the time of writing.
Famous analyst Titan of Crypto also supports the continued rise of ETH. He predicts the price of Ether will reach $5,800 because “the Ichimoku Golden Cross has finally appeared on the weekly timeframe.
Meanwhile, trader Wolf stated: “I predict ETH will reach $9k-10k by May 2025.”