Ethereum has recently crossed the critical $4,000 resistance level, raising speculation about its future price trajectory. An anonymous analyst has made a striking prediction: Ethereum (ETH) could reach an astonishing $15,000 by May 2025, spurred by an ‘impulse breakout’ similar to the one experienced during the 2016-2017 bull market.
Over the past three weeks, Ethereum’s price ascended steadily, reflecting a 28% increase since November 18. This bullish momentum comes despite a momentary dip to $3,615 on December 5, which quickly rebounded as ETH settled above the important $4,000 threshold. With a current yearly high of $4,098, the chart reveals a consistent pattern of higher highs and higher lows, indicating a positive long-term trend.
The analyst, who identified a three-year ascending triangle pattern, stated that Ethereum is nearing a significant “paradigm shift.” A firm weekly close above the $3,800 support level could further confirm the potential for reaching an all-time high of $4,878. Additionally, the trader noted that achieving a target of $15,937 would propel Ethereum’s market cap beyond the $1 trillion mark for the first time.
Concurrently, other traders are optimistic as well. Another expert highlighted Ethereum’s recent ‘golden cross’ on the daily chart, a bullish indicator that often precedes significant price surges. According to this analysis, ETH is primed for a ‘giga pump’ that could see it climb toward record highs. This sentiment is bolstered by the swift growth of Ethereum spot ETFs. Since November 18, these ETFs have garnered a staggering $1.3 billion in inflows, with BlackRock’s iShares Ethereum Trust leading the charge.
The total value locked (TVL) on Ethereum’s network has also reached a yearly high of $77 billion, underscoring the increasing interest in decentralized finance (DeFi) projects. All these indicators suggest robust health in the Ethereum ecosystem, which potential investors should consider carefully.
This article serves to inform and provide insight into Ethereum’s potential future trajectory. As always, it is crucial for investors to conduct their own research before making investment decisions, as risks are associated with market fluctuations.
