PANews, December 7th - According to Cointelegraph, data shows that Ethereum is experiencing a breakout trend similar to XRP, having broken its three-year symmetrical triangle pattern's upper trend line in the week leading up to December 8th. Market analyst VentureFounder predicts that Ethereum will experience an 'impulsive breakout' in the coming months, with Ethereum's current trend resembling its cycle from 2016-2017, predicting a repeat of the explosive rise that drove ETH to new highs at that time.
VentureFounder states that it is very important for Ethereum to maintain a support level of $3,800. Successfully holding this level will increase the likelihood of retesting its historical high of $4,878 in the short term, after which it may continue to rise. He even predicts that the price target for ETH will reach $15,937 by May 2025, which would be the first time driving Ethereum's market cap to surpass $1 trillion.
