Ethereum Could Rise to $7,200 Thanks to Cup and Handle Pattern
A VentureFounder analyst has found a cup and handle pattern on the chart at #Ethereum , which foreshadows price growth in the coming months.
Forecast:
Ethereum could reach $7,238 by Q1 2025.
Nearest targets: $5,349 and $6,457.
Growth factors:
Formation of a "golden cross" (crossing of 50 DMA and 200 DMA) next week. This signal has previously led to ETH rising from $2,000 to $4,000.
Weakening of the US Dollar Index (DXY).
Other Predictions:
Wolf analyst suggests Ethereum could hit $20,000.
Block Scholes and Bybit Analytics predict #ETH growth above $4000.
