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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.
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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