Ethereum’s ‘Momentum Breakout’ Will Lead to $15K Price by 2025 — ETH Analysis

Ether’s native token, #Ethereum✅ , $3,996.65, has maintained a slow and steady rise over the past three weeks, rising 28% since Nov. 18. Despite a quick spike to $3,615 on Dec. 5, 99511519748 has recovered and is now trading above $4,000.

Its yearly high remains at $4,098, and the trend continues to form a higher high and higher low on the 4-hour chart. The relative strength index, or RSI, also looks healthy, where the indicator is currently below the overbought region.

With Ethereum poised to break $4,000, the venture’s founder, an anonymous analyst with 28927299563, has set higher targets for 2025. The analyst explained that Ethereum is consolidating within a three-year ascending triangle pattern, approaching a new “paradigm shift.”

The trader said:

“Ethereum is likely to repeat this impulsive breakout that occurred between 2016-2017 to reach a new ATH. Price target: $15,937 by May 2025.”

A $16,000 ETH would take the total altcoin market cap above $1 trillion for the first time in history.

However, the analyst noted that Ether is likely to close its weekly candle with $3,800 at support, increasing the likelihood of ETH retesting its all-time high at $4,878, which is its immediate price target.

Similarly, Honey, an independent cryptocurrency trader, indicated that Ether’s “golden cross” on the 1-day chart is breaking out in line with previous bull markets. The trader said that ETH is in the early stages of a “gigabomb” that will take the altcoin to new all-time highs.

Source: Cointelegraph

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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