According to Odaily, recent data indicates that Ethereum is experiencing a breakthrough trend similar to that of XRP. As of the week ending December 8, Ethereum has surpassed the upper trendline of its three-year-old symmetrical triangle pattern. Market analyst VentureFounder anticipates an 'impulsive breakout' for Ethereum in the coming months. This current movement is reminiscent of Ethereum's 2016-2017 cycle, which saw explosive growth that propelled ETH to new highs.
VentureFounder has set a price target for Ethereum, predicting it could reach $15,937 by May 2025. Achieving this target would mark the first time Ethereum's market capitalization surpasses $1 trillion. This forecast suggests a significant potential for growth, echoing past patterns that have historically led to substantial increases in Ethereum's value.
