#Ethereum (ETH)#Market Analysis#Technical Analysis
The analyst under the nickname VentureFounder discovered a 'cup with handle' pattern on the two-week Ethereum chart, signaling a possible growth of the asset over the next four months.
«For three years, the ETH chart has formed a cup and handle, it will soon complete if [the asset] confirms support at the $3800 level,» he wrote.
According to the expert, the first target for the coin is around $5349, the second is set at $6457, and the third is at $7238. The last mark is expected to be reached by Ethereum 'no later than Q1 2025', believes VentureFounder.
The analyst also noted the approaching 'golden cross' in Ethereum (the intersection of 50 DMA and 200 DMA), which will form next week.
According to the user's observations, in November 2023, the 'golden cross' had already propelled the second largest cryptocurrency from $2000 to $4000 in three months.
