This article is also available in Spanish.
Ethereum (ETH) continues to generate bullish talk in the cryptocurrency world, with well-known analysts seeing significant price moves ahead. According to the project’s founder, Ethereum is forming a three-year ascending triangle pattern, which could pave the way for a potential breakout. Based on similar comparisons with data from 2016 to 2017, the altcoin will be a huge success. $15,937 Maybe by May 2025.
Related reading
Such a rally would push Ethereum’s market capitalization past $1 trillion, a historic first for the blockchain giant. Analysts believe that the weekly close above $3,800 represents a milestone. From there, Ethereum The price may target an all-time high at $4,878 before moving to higher areas. But is the market ready for this rise?
this $ Ethereum Breaking out of the triangle consolidation area is very important.
now #Ethereum All we have to do is close this bullish weekly candle, and we may never get back to that level below $4,000 again in this bullish cycle.
The driving move from 2016-2017 is repeated.
PT: $15,937 by May 2025 pic.twitter.com/dNzcO3mPe1
— Venture Founder (@venturefounder) December 6, 2024
Institutional interest prompts optimism
More institutions are becoming interested in Ethereum, making people more optimistic about its long-term prospects. Spot Bitcoin ETFs received a lot of attention at the beginning of the year, and now Ethereum-based funds are following suit.
It is worth noting that since mid-November, spot Ethereum ETFs It received more than $1.3 billion in new flows. BlackRock’s iShares Ethereum Trust generated the most revenue, hitting $500 million in just one week.
Beyond just the numbers, these investments show growing confidence in the Ethereum ecosystem. According to analysts, this influx of institutional funding will pave the way for the expected rapid rise of ETH. As institutional investors continue to pour money into cryptocurrency, Ethereum’s value proposition as a long-term investment appears stronger than ever.
Technical indicators and forecasts
Ethereum’s price behavior in recent weeks has also been favorable. After a minor setback, the altcoin recovered, rising 30% as of November 18. With analysts emphasizing its resilience against market fluctuations, it is trading at $3,686 at the moment, which is a strong number.
Technical indicators of the consolidation indicate that ETH is ready for the next action. The moving averages are showing stability, so the Relative Strength Index (RSI) remains neutral. Predictions point to the possibility of ETH By 43% within six months And 22% in three months, data from CoinCheckup shows.
Related reading
Looking forward
Signs are positive although Ethereum’s path to reach $15,937 is uncertain. With favorable technical conditions, institutional flows, and strong development of the ecosystem, the altcoin is poised for significant increases.
Featured image from INX, chart from TradingView