As a seasoned crypto investor with over a decade of experience navigating the volatile waters of digital currencies, I have learned to approach predictions with a healthy dose of skepticism and cautious optimism. The analysis presented by venturefounder and other crypto analysts regarding Ether’s potential price surge is intriguing, but it is essential to remember that past performance is not always indicative of future results in the crypto market.
According to a crypto expert’s analysis, Ether appears to be shaping a persuasive trend on its price graph, suggesting a possible increase of approximately 97% over the next four months.
According to the anonymous cryptocurrency expert known as venturefounder, Ethereum (ETH) appears to be forming a three-year “cup and handle” pattern. If ETH can hold the $3.8k level as support, this pattern is expected to finish soon. This analysis was shared in a post on November 30th.
The end of Q1 2025 is the deadline
As a crypto investor, I’m excited about the projections made by Venturefounder for Ether (ETH). They forecasted three price targets: $5,349, then $6,457, and finally $7,238. These milestones are expected to be reached by the end of Q1 2025 at the latest. This means that if current prices remain as they are ($3,669 as per CoinMarketCap), we’re looking at a potential increase of approximately 97%. That’s some promising growth in the world of cryptocurrency!
Though Ether has experienced a 47% surge in price since November 1st, venturefounder suggests that its value hasn’t “exploded” just yet. This is because the United States dollar Index (DXY) remains strong, which historically has weakened before substantial fluctuations in the cryptocurrency market.
They predicted that DXY has been moving within 100-106 during this period, but the upcoming decline could be more significant than previous instances; on the other hand, they expect ETH to experience substantial growth.
The DXY stands at 105.78 at the time of publication, according to TradingView data.
Anonymously trading cryptocurrencies, the individual known as Crypto’s Titan predicts Ethereum may reach approximately “$5,800”. This prediction is based on the occurrence of the Ichimoku Golden Cross event, which has long been anticipated and has now materialized on the weekly timeframe.
Crypto trader Wolf added, “I’m calling ETH to hit 9k-10k by May 2025.”
Spot Ether ETFs reach new daily inflow record
As a researcher examining the crypto market, I recently shared my insights with my 333,300 followers on X, suggesting that Ether might offer a beneficial buying opportunity. In a recent X post, I expressed my belief that anything below 4k could be seen as a generous gift for long-term investors.
“It’s still a good time to enter,” Doctor Profit added.
On November 29th, it was noted by CryptoMoon that U.S. spot Ether exchange-traded funds (ETFs) experienced an all-time high in daily investments.
Based on Farside’s data, a total of $332.9 million was invested into nine-spot Ethereum ETFs on November 29th, breaking the previous daily record for inflow set on November 11th by an additional $37.4 million.
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2024-12-01 06:48