Ethereum is set to record XRP’s next 390% rally to $7.6K.

Ethereum's native token Ether (ETH) is mirroring XRP's November breakout trend, which resulted in a 390%-plus price increase.

XRP fractal could push ETH price to $7,600.

In November, XRP broke out of its more than six-year symmetrical triangle pattern, triggering a parabolic rally above $0.50 to $2.94.

The $2.94 level corresponds to XRP's 1.618 Fibonacci retracement level, and was serving as resistance until December 7th.

Ethereum is in a similar breakout trend as XRPs. In the week ending December 8, the cryptocurrency broke above the trend line of a three-year-old symmetrical triangle pattern.

If Ether price repeats XRP's parabolic trend, it may rise to the 1.618 Fibonacci retracement level around $7,636. In other words, 90% rally in December 2024 or January 2025.

Ether's weekly Relative Strength Index (RSI), currently at around 67, suggests there is still room for upside before the market reaches the overbought 70 level. It was at the same level before the XRP price spike.

ETH will reach $15,000 in May 2025

Market analyst “VentureFounder” predicts the next “pressure breakout” for Ethereum in the coming months.

The analyst noted similarities between Ethereum's current setup and the 2016-2017 cycle, during which he predicted a repeat of the breakout action that brought ETH to new highs.

VentureFounder's ETH price target is $15,937 in May 2025, which would push Ethereum's market capitalization over $1 trillion for the first time in history.

For this bearish scenario to play out, the analyst emphasized the importance of Ethereum holding $3,800 as weekly support. Successfully holding this level increases the chance of a short-term retest of the all-time high of $4,878, and subsequent reversals.

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As inflows into US-based Ethereum exchange-traded funds (ETFs) continue to increase, Ether's mass outlook shows a sharp reversal from the net inflows seen during their initial launch phase.

As of December 6, these funds held approximately $1.42 billion worth of Ether under management, a significant increase from $123 million on November 22. Notably, these funds saw consistent inflows during this period, with a decrease over the Thanksgiving holiday.

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.