Market analyst VentureFounder forecasts that Ethereum will experience an "impulsive breakout" in the coming months.
The analyst pointed out that the current trend of Ethereum is similar to its 2016-2017 cycle, predicting a repeat of the explosive rise that drove ETH to new highs at that time.
VentureFounder's ETH price target is to reach $15,937 by May 2025, which will push Ethereum's market cap above $1 trillion for the first time.
To achieve this bullish scenario, analysts have emphasized the importance of Ethereum maintaining $3,800 as a weekly support. Successfully maintaining this level will increase the likelihood of re-testing its all-time high of $4,878 in the short term, followed by continued gains.
Analysts: The current trend of Ethereum is similar to that of 2016-2017, and it may usher in an explosive rise
2024-12-07 14:46:23
Market analyst venturefounder forecast ethereum future several ushered indesk3cryptocurrencydesktopCrypto News
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