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- An analyst predicts Ethereum could hit $15,000 by 2025, citing a key ‘impulse breakout’ as the altcoin rebounds from a December 5 dip to $3,615 and is now trading at $3,988.
- Spot Ether ETFs have attracted over $1.3 billion in inflows, led by BlackRock’s iShares Ethereum Trust, which alone has received over $500 million this week.
An analysis has emerged suggesting that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, could be on the cusp of a significant price surge. An analyst has forecasted that a potential impulse breakout for Ethereum may lead the cryptocurrency to a staggering $15,000 valuation by 2025.
Ethereum currently trades at $3,988, while Bitcoin (BTC) remains below $100,000. ETH has experienced a 2.22% increase in the past 24 hours, which places it 18.2% below its all-time high of $4,878 recorded in November 2021. Despite this downturn, the network’s daily trading volume remains strong at $47.4 billion.
Analysts Predict an Impulse Breakout
For context, an impulse breakout occurs when an asset breaks through a key resistance level with increased volume, often signaling a strong upward trend. According to the anonymous analyst, ” venture founder,” recent activity in Ethereum’s price action shows signs of such a breakout. Notably, ETH has experienced a steady upward trajectory, surging by 28% since November 18. After a sudden dip to $3,615 on December 5, the altcoin rebounded and traded above $4,000 on Friday after experiencing an 8.40% increase in the past week.
The analyst pointed out that Ethereum appears to be consolidating within a three-year ascending triangle pattern, signaling an impending “paradigm shift.” However, analysts emphasize the importance of ETH maintaining a weekly closing price at or above $3,800.
In line with this optimism, Honey, a swing trader, shared on X that Ethereum is on the verge of forming a golden cross on the daily chart. She noted that the last occurrence was in November 2023 when ETH was trading below $2,000, which ultimately led to a price increase of 100% over the subsequent months. She further outlined her analysis, suggesting we are currently in Stage 1: the pump, followed by Stage 2: the dump, and culminating in Stage 3: a massive surge to new all-time highs.
As we reported , amidst the rise in ETH prices, Ethereum has faced significant selling pressure as Justin Sun, founder of the Tron network, continues to liquidate his holdings, having recently sold 20,000 ETH ($76 million) on HTX. To date, he has offloaded a total of 41,630 ETH ($145.9 million), which includes 39,000 ETH ($137 million) moved to HTX and 2,630 ETH ($8.76 million) transferred to Poloniex, a cryptocurrency exchange based in San Francisco.
Institutional Interest in Ethereum ETF’s Increases
On December 5, spot Ether ETFs saw a significant inflow of $431.5 million, the highest daily total since their launch in July and surpassing the previous record of $333 million on November 29. Since November 21, the ETFs have accumulated over $1.3 billion in net inflows, pushing their total beyond $1 billion as Grayscale’s Ethereum Trust stabilized.
The BlackRock iShares Ethereum Trust led the way with $295.7 million in inflows, bringing its total to $2.3 billion. Other notable contributions included Fidelity’s Ethereum Fund with $113.6 million, Grayscale’s Ethereum Mini Trust with $30.7 million, and the Bitwise Ethereum ETF with $6.6 million.
In addition to increased interest from institutional investors and favorable price movements, the metrics for Ethereum’s DeFi sector are also showing improvement. According to data from DefiLlama, the total value locked (TVL) within Ethereum’s ecosystem hit a new annual peak of $77 billion.
