BREAKING

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

ETH

ETH/USDT

$1,704.89
-2.99%
24h Volume

$11,947,677,053.86

24h H/L

$1,758.00 / $1,671.79

Change: $86.21 (5.16%)

Long/Short
72.2%
Long: 72.2%Short: 27.8%
Funding Rate

+0.0042%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$1,713.49

0.14%

Volume (24h): -

Resistance Levels
Resistance 3$1,966.18
Resistance 2$1,825.33
Resistance 1$1,735.45
Price$1,713.49
Support 1$1,711.71
Support 2$1,614.30
Support 3$1,506.07
Pivot (PP):$1,713.06
Trend:Downtrend
RSI (14):38.9

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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