Ether has 3-year cup and handle ‘in preparation’, analyst eyes $7.2K

Ether is forming a compelling pattern on the price chart that suggests it could rise as much as 97% in the next four months, a crypto analyst said.

“ETH has a 3-year cap and handle in the making; if Ethereum proves $3.8k support, it's almost done,” said the founder of pseudonymous crypto trader Ventures in a Nov. 30 X post.

The end of Q1 2025 is the last day

Venturefounder predicted Ether's (ETH) first price target at $5,349, followed by $6,457, and a third target of $7,238 by the end of Q1 2025. This represents a 97% increase from Ether's current price of $3,669 at the time of publication, according to CoinMarketCap data.

Despite Ether's 47% rise in price since Nov. 1, the venture founder said the price has not yet “exploded,” maintaining strength against the US dollar index, which had previously fallen to record lows before a major rally in the crypto market.

“DXY is trending between 100-106 this cycle, but it's going to crash more than previous cycles. ETH will explode,” they said.

Anonymous crypto trader of crypto, Ichimoku predicts that the golden cross is set to “finally hit $5,800 for Ether on the weekly schedule.”

Crypto trader Wolf added, “I'm calling ETH to hit 9k-10k by May 2025.

SpotEther ETFs have reached a new daily income record

“Anything below 4k is a mid-term gift,” said anonymous crypto trader Dr. Profit in a December 1 X post.

“It's still a good time to get in,” Dr. Profit added.

RELATED: Ether To Break $4K Before Trump's Inauguration – Analyst

Meanwhile, on November 30, Cointelegraph reported that spot ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on November 29.

According to Farside data, $332.9 million flowed into nine-spot ether ETFs on Nov. 29, surpassing the previous record for daily inflows — $295.5 million on Nov. 11 — by $37.4 million.

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