Ethereum (ETH) continues to generate bullish conversations in the cryptoverse as well-known analysts see big price moves ahead. According to Venture Founder, Ethereum is forming a three-year ascending triangle pattern, which could set the stage for a possible breakout. Based on similar comparisons with 2016-2017 data, the altcoin will reach $15,937, probably by May 2025.
Such an increase would take Ethereum’s market capitalization to over $1 trillion, a historic first for the blockchain giant. Analysts see a weekly close above $3,800 as an important milestone. Of that, Ethereum could aim for its all-time high of $4,878 before moving to higher ground. But is the market ready for this rally?
This $ETH The breakout of the triangle consolidation is very significant.
Now #Ethereum Just close this bullish weekly candle, and we may never revisit this sub-$4,000 level again in this bullish cycle.
The momentum of 2016-2017 is repeated.
Pacific Time: $15,937 by May 2025 pic.twitter.com/dNzcO3mPe1
– business founder (@venturefounder) December 6, 2024
Institutional interest drives optimism
More and more institutions are becoming interested in Ethereum, making people more optimistic about its long-term prospects. Bitcoin spot ETFs received a lot of attention at the beginning of the year, and now Ethereum-based funds are doing the same.
In particular, since mid-November, spot Ether ETF have received more than $1.3 billion in new entries. BlackRock’s iShares Ethereum Trust has achieved the highest return: $500 million in just one week.
Beyond the numbers, these investments show growing confidence in the Ethereum ecosystem. According to analysts, this flow of institutional funding will pave the way for ETH’s expected meteoric rise. As institutional investors continue to pour money into the cryptocurrency, Ethereum’s value proposition as a long-term investment appears stronger than ever.
Technical indicators and forecast
Ethereum price behavior in recent weeks has also been quite favorable. After a minor setback, the altcoin recovered, rising 30% as of November 18. While analysts highlight its resistance to market swings, it is trading at $3,686 right now, which is a solid figure.
Technical consolidation markers point to ETH preparing for its next move. The moving averages show stability, so the relative strength index (RSI) remains neutral. Forecasts Show ETH Maybe increasing 43% in six months and 22% in three months, CoinCheckup data shows.
Looking to the future
Signs are pointing favorably even though Ethereum’s path to $15,937 is undetermined. With favorable technical conditions, institutional inflows, and strong ecosystem development, the altcoin is poised for significant rises.
Featured image of INX, TradingView chart
Fountain: NewsBTC.com
