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Ethereum (ETH) continues to spark bearish talk in the cryptoverse, as well-known analysts see a big price move ahead. According to Venture Founder, Ethereum is forming a three-year ascending triangle pattern, which could set the stage for a potential breakout. Based on the same comparison with data from 2016-2017, the altcoin will hit $15,937, maybe in May of 2025.
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Such an increase will take Ethereum’s market capitalization to more than $1 trillion, which is a historic first for the blockchain behemoth. Analysts consider a weekly close above $3,800 to be an important milestone. From there, Ethereum may aim for its all-time high of $4,878 before moving to higher areas. But is the market ready for this increase?
This $ETH The output of the triangular reinforcement is very important.
Now #Ethereum only this weekly bullish candle should be closed, and we may not revisit this $4,000 minimum level again in this bull cycle.
A move from 2016-2017 repeats.
PT: $15,937 in May 2025 pic.twitter.com/dNzcO3mPe1
– venturefounder (@venturefounder) December 6, 2024
Institutional Interest Creates Hope
More institutions are becoming interested in Ethereum, making people more optimistic about its long-term prospects. Spot Bitcoin ETFs got a lot of attention earlier this year, and now Ethereum-based funds are following suit.
Notably, since mid-November, Ether has received over $1.3 billion in new inflows. The iShares Ethereum Trust from BlackRock made a huge profit, $500 million in just one week.
Beyond just the numbers, these investments show growing confidence in the Ethereum ecosystem. According to analysts, this institutional capital flow will pave the way for the expected meteoric rise of ETH. As institutional investors continue to pour money into the cryptocurrency, Ethereum’s value proposition as a long-term investment seems stronger than ever.
Technical Indicators and Forecast
The price behavior of recent weeks of Ethereum has also been positive. Following a small reversal, the altcoin has recovered, rising 30% since November 18. As analysts emphasize its resilience against market volatility, it is currently trading at $3,686, which is a strong figure.
Consolidation technical markers point to ETH preparing for its next move. Moving averages show stability, which is why the Relative Strength Index (RSI) remains neutral. Forecasts show that ETH will probably increase by 43% in six months and 22% in three months, data from CoinCheckup shows.
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Looking Forward
The signs point well although Ethereum’s path to reach $15,937 is not determined. With favorable technical conditions, institutional penetration, and strong ecosystem development, the altcoin is destined for massive expansion.
Featured image from INX, chart from TradingView