ETH Price Predictions: Will It Soar to $15,000 by 2025?

ETH Price- Ethereum’s Explosive Growth: Is $15,000 Realistic?

ETH Price– Ethereum’s native token, Ether (ETH), is showing signs of following a breakout trend similar to XRP’s massive price surge in November 2023. XRP’s price saw an extraordinary rally, increasing by over 390%, and Ethereum appears to be on a similar trajectory. Here’s a look at how ETH could potentially soar to new highs in the coming months.

Ethereum’s Fractal Breakout: Could ETH Reach $7,600?

In November, XRP broke out of a long-formed symmetrical triangle pattern, which had been in place for over six years. This breakout triggered a parabolic price rally, pushing XRP’s value from about $0.50 to more than $2.94. The $2.94 level corresponds with XRP’s 1.618 Fibonacci retracement level, which acted as resistance as of December 7.

Ethereum is now displaying a similar breakout pattern to XRP’s. As of the week ending December 8, ETH broke above the upper trendline of its own symmetrical triangle pattern, which has been forming over the past three years.

If Ethereum’s price mirrors XRP’s bullish trend, ETH could rise toward its 1.618 Fibonacci retracement level, estimated at around $7,636. This would represent a 90% rally by December 2024 or January 2025, based on current projections. Moreover, Ether’s weekly Relative Strength Index (RSI), which is currently at about 67, suggests that there’s still potential for further price upside before it hits the overbought threshold of 70 — a level that preceded XRP’s explosive price movement.

ETH’s Potential to Reach $15,000 by May 2025

Market analyst “VentureFounder” has shared a bullish prediction for Ethereum, forecasting a major “impulse breakout” for ETH in the coming months. The analyst points to the similarities between Ethereum’s current setup and the cycle it experienced in 2016-2017, when ETH surged to new all-time highs.

VentureFounder’s price target for ETH is $15,937 by May 2025, which would push Ethereum’s market capitalization above $1 trillion for the first time in history.

For this optimistic scenario to materialize, Ethereum must hold a key support level of $3,800 on a weekly basis. If ETH successfully maintains this level, it could retest its all-time high of $4,878 in the short term, with further upside likely to follow. Ethereum’s bullish outlook is also supported by a steady increase in inflows into US-based spot Ethereum exchange-traded funds (ETFs). These funds have been experiencing consistent growth, in contrast to the net outflows observed during their initial launch phase.

As of December 6, Ethereum ETFs held approximately $1.42 billion worth of Ether under management, a significant increase from $123 million on November 22. This surge in ETF inflows, despite the Thanksgiving holiday, signals growing institutional interest in Ethereum.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.