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VentureFounder: Ethereum is preparing to break through $ 7200
A cryptocurrency analyst under the pseudonym VentureFounder has identified a cup-and-handle pattern on the two-week chart of Ethereum ETH $3,903.41 Bridged Ether (StarkGate) 1.24% Market capitalization $0.35 billion VOL. 24 hours $0.87 billion . It signals a potential increase in the asset’s value over the next four months.
«This pattern has been forming for three years, and we are now approaching its completion. This can happen if ETH confirms support at $ 3,800,» the expert said.
According to the analyst’s forecast, Ethereum can reach the following targets:
- $ 5349 is the first key mark.
- $ 6457 is the second potential price.
- $ 7238 is the highest valuation that ETH can reach by the end of the first quarter of 2025.
Photo: venturefounder
Photo: venturefounder
Photo: venturefounder
However, VentureFounder believes that the DXY’s fall in this cycle will be larger than before, which could contribute to the «explosive» growth of Ethereum.
Photo: venturefounder
Photo: Titan of Crypto