Ethereum

bullish

Spot

<p>Ether is showing a promising pattern on the price chart, potentially signaling a surge of up to 97% within the next four months, according to a crypto analyst.</p>
<p>“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous analyst Venturefounder said in a Nov. 30 post on X.</p>
<h3 class="wp-block-heading" id="targets-and-timeline">Targets and Timeline</h3>
<p>Venturefounder projected Ether’s first price target at $5,349, followed by $6,457, with a third target of $7,238 expected by the end of Q1 2025.</p>
<p>This represents a potential 97% increase from Ether’s current price of $3,669, as reported by CoinMarketCap at the time of publication.</p>
<h3 class="wp-block-heading" id="market-factors">Market Factors</h3>
<p>Despite a 47% price spike since Nov. 1, Venturefounder noted that Ether’s price has not “exploded” yet due to the U.S. dollar index (DXY) holding strong.</p>
<p>“DXY has been trending between 100-106 this cycle, but it is about to have a bigger breakdown than past cycles; ETH will explode,” they explained.</p>
<p>The DXY stands at 105.78 at the time of writing, according to TradingView.</p>
<p>Other analysts have shared bullish outlooks.</p>
<p>Pseudonymous trader Titan of Crypto forecasted Ether reaching $5,800, citing the Ichimoku Golden Cross on the weekly chart.</p>
<p>Meanwhile, Wolf predicted, “I’m calling ETH to hit 9k-10k by May 2025.”</p>
<h3 class="wp-block-heading" id="spot-ether-etfs-and-buying-opportunities">Spot Ether ETFs and Buying Opportunities</h3>
<p>Doctor Profit, another crypto analyst, suggested that Ether offers a strong buying opportunity below $4,000.</p>
<p>“Everything below 4k is a gift for the mid-term,” they said in a Dec. 1 post, adding, “It’s still a good time to enter.”</p>
<p>On Nov. 29, Ether ETFs in the U.S. recorded $332.9 million in daily inflows, setting a new record and surpassing the $295.5 million inflow on Nov. 11.</p>

Ether Poised to Surge 97% Over the Next 4 Months

Table of Contents

Crypto Intelligence

Other articles published on Dec 1, 2024

Animal Meme Coins Dominate: PNUT Hits $2B, GOAT Climbs to $1B—Can Catzilla Catch Up?

Crypto Bull Run Continues as South Korea Pushes Back Taxation

Ethereum Shoots Past $3,700 – Will It Hit $4,000 Next?

War, Sanctions, and Crypto: Putin’s Economic Balancing Act

Forgot to Catch On on Tron’s Big Break? Here’s the Best Crypto to Invest in Now!

Worldcoin (WLD) Price Breaks Key Resistance and Could Be on Track to Reclaim March Top – Here’s t...

Join our free newsletter for daily crypto updates!