Crypto analyst venturefounder suggests that Ethereum is displaying a 'cup and handle' chart pattern that could indicate a potential price increase of up to 97% by the end of Q1 2025. Currently trading at $3,669, Ether needs to confirm $3,800 as support for this pattern to hold. Venturefounder provides several price targets for Ether, including $5,349, $6,457, and a final target of $7,238, all achievable by the end of Q1 2025. Despite a recent 47% surge since early November, the analyst notes that Ether's price has not yet 'exploded,' attributing this to broader market conditions represented by the US Dollar Index. Another trader, Titan of Crypto, believes Ether is on track for $5,800 following a significant technical indicator, while Doctor Profit sees any price below $4,000 as an opportunity for mid-term investment. Furthermore, Ether ETFs have recently seen record inflows, surpassing previous benchmarks. The overall sentiment suggests optimism about Ether's future performance.

Source 🔗