BREAKING

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

ETH

ETH/USDT

$1,888.56
-2.29%
24h Volume

$11,593,032,836.12

24h H/L

$1,955.41 / $1,856.88

Change: $98.53 (5.31%)

Long/Short
64.9%
Long: 64.9%Short: 35.1%
Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$1,886.93

-0.30%

Volume (24h): -

Resistance Levels
Resistance 3$2,053.77
Resistance 2$1,981.24
Resistance 1$1,912.19
Price$1,886.93
Support 1$1,876.42
Support 2$1,756.91
Support 3$1,649.64
Pivot (PP):$1,918.75
Trend:Sideways
RSI (14):54.9

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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