Ether to $5K on Fractals, BlackRock ETH ETF Holdings 2x on $500M Purchase
Ether may see a rally above $5,000 based on technical chart patterns, analysts predict that Ether's bullish move may extend another year until the end of 2025.
The price of Ether (ETH) may rise above the all-time high of $5,000 due to its correlation with the price of Bitcoin (BTC), which surpassed $100,000 for the first time in history on December 5th.
Ether's rally to a record high of $5,000 may be the “lower target” as shared by popular crypto analyst Titan of Crypto in a December 6 X post.
ETH/BTC, fractals. Source: Titan of Crypto
In crypto trading, technical traders use price fractal patterns to identify key support and resistance levels and potential trend reversals based on historical data.
However, Ether's price is down 18% below its old all-time high of $4,800, a major resistance level for the world's second-largest cryptocurrency.
ETH/USD, all time chart. Source: Cointelegraph
Ether's $479 billion market capitalization is $121 billion more than Bank of America's $358 billion, according to data from Companies Marketing Cap.
ETH and Bank of America, market capitalization. Source: Companiesmarketcap
The positive net influx of ether exchange-traded funds (ETFs) into the United States may contribute to the predicted price appreciation for ether.
Related: Bitcoin Liquidity Index Points To $110K Domestic BTC Peak By January 2025
BlackRock ETH ETF has acquired $500 million in Ether
BlackRock's recent ETF purchases could support Ether's price rally to old all-time highs.
BlackRock's ETF bought more than $500 million worth of Ether last week, doubling its ETH holdings in the past month, onchain intelligence firm Arkham Intelligence shared in a Dec. 6 X post.
Blackrock ETH ETF Holdings. Source: Arkham Intelligence
Ether ETFs accumulated $698 million worth of ETH last week, making it the biggest week of inflows since their inception, according to Dune data.
ETH ETFs, weekly flows. Source: Dunn
For BTC, US-based spot Bitcoin ETFs accounted for about 75% of new investment in Bitcoin, pushing the price past $50,000 on February 15.
Related: How $100K Bitcoin Affects the Wealth Gap in the Digital Age
Ether Golden Cross shows a more inverted speed
A golden cross appearing on Ether's chart could also contribute to the price rally, crypto analyst Venture Founder wrote in a December 6 post:
“Last time this happened, #Ethereum was in the consolidation phase of the bear market but still reached +129%. In the 2021 bull market, the last golden cross took ETH +2,323%.”
ETH/USD Chart, Golden Cross. Source: Venturefounder
A growing number of analysts are bullish on Ether's price, with some predicting it will reach $15,000 by the end of 2025.
Bitcoin Could Explode After $100K—Here's Why Source: YouTube
Magazine: Back 2025: Is Ethereum Ready to Meet Bitcoin and Solana?
