BREAKING
471d 5h ago

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

ETH

ETH/USDT

$2,065.36
-4.16%
24h Volume

$11,341,264,445.51

24h H/L

$2,157.00 / $2,050.12

Change: $106.88 (5.21%)

Long/Short
69.3%
Long: 69.3%Short: 30.7%
Funding Rate

-0.0036%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,066.20

-0.90%

Volume (24h): -

Resistance Levels
Resistance 3$2,233.72
Resistance 2$2,166.33
Resistance 1$2,083.64
Price$2,066.20
Support 1$2,063.38
Support 2$1,916.14
Support 3$1,747.80
Pivot (PP):$2,081.18
Trend:Uptrend
RSI (14):46.9

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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