Ethereum’s $7K Moonshot: Analysts Predict 97% Rally by Early 2025
With forecasts of a possible 97% price gain by the first quarter of 2025, cryptocurrency analysts are presenting a highly optimistic picture of the Ethereum market.
In the last week, Ethereum ETH/USD has grown by more than 11% and is currently trading at about $3,700.
ETH/USD Technical Analysis and Price Forecast
A crucial technical formation was identified by pseudonymous cryptocurrency analyst Venturefounder: a three-year “cup and handle” pattern that is almost finished. The analyst’s aggressive price goals consist of:
- First target: $5,349
- Second target: $6,457
- Final target: $7,238
If the critical $3,800 support level is held, these forecasts indicate that Ethereum’s current value will nearly double.
Why is Ethereum Bullish?
Ethereum’s upward momentum is being fueled by a number of factors:
On November 29, Ethereum ETFs in the US hit a new daily inflow high of $332.9 million, breaking the previous record of $295.5 million. Leading the charge with $250 million and $79 million, respectively, were BlackRock’s iShares Ethereum Trust and Fidelity Ethereum Fund.
There is an active accumulation of large investors. Data indicates that in just four days, Ethereum whales with between 100,000 and 1,000,000 coins bought about 280,000 ETH, which is worth almost $1 billion.
Significant institutional interest is evident from Ethereum’s CME futures open interest, which has hit an all-time high of $2.8 billion. Strong market optimism is indicated by the futures premium, which has increased to 14%.
But Ethereum’s Rally Faces Some Challenges
One such constraint is still the U.S. Dollar Index (DXY). Analysts like Venturefounder believe that a major DXY breakdown might set off Ethereum’s predicted “explosion.” The cryptocurrency is currently trading at about 105.78.
An emerging concern is the unprecedented spike in open interest without a corresponding price peak. Analyst ShayanBTC warns this could lead to increased volatility and potential liquidation cascades if the market experiences a sudden downturn.
Ethereum Price Prediction
Other crypto analysts have joined the bullish chorus:
- Titan of Crypto forecasts a $5,800 price target following the weekly Ichimoku Golden Cross
- Trader Wolf provides an even more aggressive prediction of $9,000-$10,000 by May 2025
- Doctor Profit suggests prices below $4,000 represent a “mid-term gift”
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals