Ethereum ‘impulse breakout’ leads to $15K ETH price by 2025 – analyst
Ethereum's native token Ether (ETH) has maintained a slow and steady rise over the past three weeks, up 28% since November 18. Over $4,000.
Ethereum 4-hour chart. Source: Cointelegraph/TradingView
The annual high remains at $4,098, and the trend continues to trend higher and lower on the 4-hour chart. The Relative Strength Index or RSI looks healthy, with the indicator currently below the overbought range.
Ethereum hints at a “paradigm shift” above $4,000
With Ethereum on the brink of breaking $4,000, the venture founder, an anonymous crypto analyst, has set lofty targets for 2025. The analyst stated that Ethereum is consolidating in a three-year ascending triangle pattern and is approaching a new “paradigm shift”.
Ethereum every two weeks by the founder of the venture. Source: X.com
And the merchant said thus.
“Ethereum can repeat this sensational burst that it did after 2016-2017 to hit a new ATH. Price target: $15,937 in May 2025.”
$16,000 ETH takes the total market cap of an altcoin over $1 trillion for the first time in history.
However, the analyst suggested that Ether should close the weekly candle at $3,800 support, which increases the possibility of ETH retesting the all-time high at $4,878, or, the immediate price target.
Similarly, independent crypto trader Hani noted that Ether's “golden cross” on the 1-day chart is emerging based on previous bull markets. Trader ETH is in the early stages of the “Giga Pump”, which will take the altcoin to new highs.
Related: Anchorage Digital to Support Liquid Ether Pinning
Ethereum spot ETFs continue to make positive progress
After being overshadowed by the performance of the spot BTC ETF in 2024, the spot ETH ETF started to gain institutional interest towards the end of the year. According to Cointelegraph, the altcoins financial instrument had the largest daily revenue since its inception at $428.5 million.
Ethereum ETF Flow. Source: farside.co.uk
Spot Ethereum ETFs have seen inflows of more than $1.3 billion since November 18, with BlackRock's iShares Ethereum Trust leading inflows of more than $500 million this week, taking total inflows to $2.6 billion.
Alongside smart money interest and positive price action, Ethereum DeFi metrics are also improving. The total value locked on the Ethereum chain hit a new high of $77 billion on December 5th, according to data from Defilama.
Ethereum TVL chart. Source: Defillama
RELATED: Analyst Says ETH/BTC ‘Breakdown Over' Ether Regains $3.8K
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
