Fun

Ethereum Surge Coming? Analyst Eyes $16,000 Milestone Within 2 Years

News Feed - 2024-12-08 10:12:58

Este artículo también está disponible en español.


Ethereum (ETH) continues to spark bullish talk in the cryptoverse, as well known analysts see large price moves ahead. According to Venture Founder, Ethereum is forming a rising three-year triangle pattern, which could set the stage for a possible breakout. Based on similar comparisons to data from 2016-2017, the altcoin will hit$15,937, probably by May of 2025. Related Reading Countdown To $5 XRP: Engineer Predicts Milestone On ‘Strong Fundamentals’ 15 hours ago


Such a rise would take Ethereum’s market capitalization beyond $1 trillion, a historic first for the blockchain behemoth. Analysts view a weekly close above $3,800 as a significant milestone. From there, Ethereum might aim for its all-time high of $4,878 before moving on to higher grounds. But is the market prepared for this upswing? This $ETH breakout out of the triangle consolidation is very significant.


Now #Ethereum only has to close this weekly candle bullish, and we may never revisit this sub $4,000 level again in this bull cycle.


The impulse move from 2016-2017 is repeating.


PT: $15,937 by May 2025 pic.twitter.com/dNzcO3mPe1


— venturefounder (@venturefounder) December 6, 2024 Institutional Interest Drives Optimism


More institutions are becoming interested in Ethereum, which makes people more optimistic about its long-term prospects. Spot Bitcoin ETFs got a lot of attention at the beginning of the year, and now Ethereum-based funds are following suit.



Notably, since the middle of November, spot Ether ETFs have gotten more than $1.3 billion in fresh inflows. The iShares Ethereum Trust from BlackRock has made the most returns, $500 million in just one week.


Beyond just numbers, these investments show a rising trust in the Ethereum ecosystem. According to analysts, this institutional funding flow will pave the way for ETH’s anticipated meteoric rise. With institutional investors continuing to pour money into the cryptocurrency, Ethereum’s value proposition as a long-term investment appears stronger than ever. ETH is currently trading at $3,963. Chart: TradingView Technical Indicators And Forecast


The recent weeks’ price behavior of Ethereum has also been rather favorable. Following a little setback, the altcoin has recovered, climbing 30% starting in November 18. With analysts underlining its resilience against market swings, it is trading at $3,686 right now, which is a solid figure. Ether price looking at an increase in the coming weeks. Source:CoinCheckup


Technical markers of consolidation point to ETH getting ready for its next action. Moving averages show stability, hence the Relative Strength Index (RSI) stays neutral. Forecasts show ETH perhaps rising by 43% in six months and 22% in three months, data from CoinCheckup shows. Related Reading Dogecoin Days At The Top Numbered? Cardano Set To Take Over — Analyst 1 day ago Looking Ahead


The signals point favorably even though Ethereum’s route to reach $15,937 is undetermined. With favorable technical conditions, institutional inflows, and strong ecosystem development, the altcoin is primed for major increases.


Featured image from INX, chart from TradingView

News Feed

Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector
Moody"s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banki
Brayden Lindrea7 hours agoCoinbase layer-2 network Base closes in on mainnet launchWhile a date for mainnet wasn’t announced, the Base team said it’s now fulfilled four out of five of their criteria for launch.1921 T
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto A globally consistent crypto regulatory framework is urgently needed to allow banks to handle
Tom Mitchelhill6 hours agoEthereum’s 8th birthday: Crypto industry shares its top momentsToday marks eight years since the Ethereum Foundation first announced the rollout of its network.3116 Total views39 Total sharesL
Bitcoin halving searches on Google is at its highest point ever
Tom Mitchelhill7 hours agoBitcoin halving searches on Google is at its highest point everExcitement around the upcoming Bitcoin halving has seen a continued increase in searches for the term on Google.5606 Total views19
Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates
Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new refer
Rachel Wolfson10 hours agoEnterprise blockchain: ‘Ethereum for Business’ explains key use casesPaul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says "I Wouldn"t Touch Crypto in a Million Years" The host of Mad Money, Jim Cramer, says he would not touch crypto in a million y
Uzbekistan Collects Over $300,000 From Crypto Sector
Uzbekistan Collects Over $300,000 From Crypto Sector While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from
Arijit Sarkar14 hours agoEU Parliament research recommends non-EU nations tighten crypto regulationPotential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main co
Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Surprised if Stocks Fell 40%
Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% The American economy continues to look gloomy and signals pointing towar
Paris Saint-Germain begins Web3 drive as a new blockchain validator for Chiliz Chain
Gareth Jenkinson14 hours agoParis Saint-Germain begins Web3 drive as a new blockchain validator for Chiliz ChainThe French football club aims to explore various avenues in the cryptocurrency sector, starting with becomi