BREAKING

Ethereum Gears Up for Momentum Breakout: Analyst Predicts $15,937 Price Target by May 2025

ETH

ETH/USDT

$2,768.40
+4.23%
24h Volume

$23,662,894,625.92

24h H/L

$2,807.34 / $2,643.71

Change: $163.63 (6.19%)

Long/Short
55.4%
Long: 55.4%Short: 44.6%
Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,777.99

5.02%

Volume (24h): -

Resistance Levels
Resistance 3$3,143.74
Resistance 2$2,873.00
Resistance 1$2,805.71
Price$2,777.99
Support 1$2,665.99
Support 2$2,544.06
Support 3$2,291.06
Pivot (PP):$2,619.81
Trend:Uptrend
RSI (14):72.1
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According to recent insights from COINOTAG, a significant shift in the Ethereum market may be on the horizon. Market analyst VentureFounder has identified a potential “momentum breakout” for Ethereum, drawing parallels to its previous performance during the 2016-2017 cycle. This historical analysis suggests that ETH could experience a similar surge, which previously propelled its price to unprecedented heights.

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VentureFounder has set an ambitious price target of $15,937 for Ethereum by May 2025, anticipating that this prediction would finally allow Ethereum’s market capitalization to exceed $1 trillion. For this positive scenario to unfold, the analyst highlights the necessity of Ethereum maintaining a support level around $3,800 on a weekly basis. Sustaining this support could facilitate a retest of its former all-time high of $4,878 and further solidify a continued uptrend in the market.

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