Ethereum Price Could Hit $7.2K by Q1 2025, Says Analyst

Highlights:

• Venturefounder predicts Ethereum’s 3-year cup and handle pattern could drive significant price growth.
• Venturefounder warns against greed in Altseason, advising converting outperforming altcoins into BTC.
• Spot ETH ETFs surpassed BTC ETFs in net inflows for the first time, marking a milestone.

On Nov. 30, pseudonymous crypto analyst Venturefounder shared on X that Ethereum is forming a “3-year cup and handle” pattern on its price chart, which is close to completion. He believes that if Ethereum confirms $3,800 as support, this pattern could trigger significant price growth.

The analyst projected Ether’s first price target at $5,349. The second target is $6,457, and the third target is $7,238. These targets are expected to be reached by the end of Q1 of next year.

$ETH has a 3-year cup and handle in the making, it is about to be completed now if #Ethereum confirms $3.8k as support.

First target: $5,349
Second target: $6,457
Third target: $7,238

Timeframe: by end of Q1 2025 the latest. pic.twitter.com/AAfBP8dQYu

— venturefounder (@venturefounder) November 30, 2024

This marks a nearly 96% rise from Ether’s current price of $3,699, according to CoinMarketCap data at the time of writing.

Venturefounder Predicts Ethereum Price Surge as DXY Weakens; Warns Against Greed in Altseason

In another post, the venture founder stated that ETH hasn’t “exploded” yet. This is due to the U.S. Dollar Index (DXY) maintaining strength. Historically, DXY drops to lower levels before major crypto price swings. The DXY has been moving between 100 and 106 during this cycle. Venturefounder suggested it might experience a larger breakdown than in previous cycles, potentially triggering an ETH price surge. According to TradingView data, the DXY is at 105.782 at the time of writing.

Why hasn't $ETH exploded yet?

Answer: $DXY

In past cycles, DXY drops to ~90 and triggers the largest bullmarket in #Ethereum in the same period, DXY has been trending between 100-106 this cycle, but it is about to have a bigger break down than past cycles, ETH will explode. pic.twitter.com/djjKKpNI6y

— venturefounder (@venturefounder) November 30, 2024

Further, he said Altseason is approaching, and unrealized gains will become easier to achieve. However, the key to making profits is avoiding greed. He suggested that when altcoins have outperformed Bitcoin for a prolonged period, it’s wise to convert them into BTC. Venturefounder stressed that investors don’t hold onto assets that may lose value in a bear market.

Ethereum Surpasses Bitcoin in ETF Flows

On November 29, spot Ethereum ETFs overtook spot Bitcoin ETFs in net flows for the first time. According to Farside data, Ethereum ETFs saw $332 million in net inflows. In comparison, Bitcoin ETFs had net inflows of just $320 million on the same day. This represents a major milestone in institutional investors’ adoption of Ethereum.

On November 29, the total net inflow of Ethereum spot ETFs reached $333 million, marking a record high and surpassing Bitcoin spot ETFs ($320 million) for the first time in history. The Ethereum spot ETF with the largest single-day net inflow was the BlackRock ETF ETHA, with a… pic.twitter.com/9HH0jp3IvH

— Wu Blockchain (@WuBlockchain) November 30, 2024

This comes as Ethereum’s price has broken the $3,600 resistance, while Bitcoin stays just above $97K. ETH ETFs started trading in the United States, the world’s largest economy, on July 23. Approved by the U.S. Securities and Exchange Commission, these ETFs include assets from prominent financial firms like Grayscale, Fidelity, and BlackRock. They provide investors exposure to Ethereum’s price without the need to hold the cryptocurrency directly.

Pseudonymous crypto trader Doctor Profit, with 333,300 followers on X, said Ether may be offering a buying opportunity. In a December 1 post, he suggested that anything below $4,000 might be a great mid-term investment. He also noted that it’s still a good time to consider entering.