A Surge Above the All-Time High?
Ether’s price could surge above the $5,000 all-time high, driven by its correlation with Bitcoin’s price, which surpassed $100,000 for the first time in history on December 5. This prediction is based on technical chart patterns and fractal analyses shared by popular crypto analyst Titan of Crypto in a post on December 6.
Fractal Patterns: A Key to Understanding Ethereum Price Movement
In crypto trading, technical traders use price fractal patterns to identify key support and resistance levels and potential trend reversals based on historical data. These patterns help analysts predict price movements and make informed investment decisions.
Ethereum’s Market Capitalization: A Significant Milestone
Ether’s $479 billion market capitalization is worth $121 billion more than Bank of America’s $358 billion valuation, according to Companiesmarketcap data. This significant gap highlights Ether’s growing dominance in the cryptocurrency market.
Positive Net Inflows into US-Based Spot ETFs
The inflows could contribute to Ether’s predicted price appreciation. BlackRock’s latest ETF acquisitions may support Ether’s price rally to its old all-time high.
BlackRock ETH ETF Acquires $500 Million of Ether
On December 6, onchain intelligence firm Arkham Intelligence shared that BlackRock’s ETF bought over $500 million worth of Ether during the past week, doubling its ETH holdings in a month. This significant acquisition could contribute to Ether’s price rally.
Cumulative Inflows: A Record High for Ethereum ETFs
The cumulative inflows into Ether ETFs reached $698 million during the past week, making it the highest week of inflows since they launched, according to Dune data. These positive net inflows could boost Ether’s price movement.
A Golden Cross on the Ethereum Chart: More Upside Momentum?
An emerging golden cross on the Ether chart could also contribute to its price rally, wrote crypto analyst Venture Founder in a post on December 6:
‘Last time this happened, #Ethereum was still in the consolidation stages of the bear market but it still went +129%. In the 2021 bull market, the last golden cross took ETH +2,323%.’
Increasing Analysts’ Bullish Predictions
Increasingly, analysts are bullish on Ether price, with some predicting an ‘impulse breakout’ to $15,000 by the end of 2025.
What’s Driving the Ethereum Price Rally?
There are several factors contributing to the predicted Ethereum price rally:
- Fractal patterns: Technical traders use fractal patterns to identify key support and resistance levels and potential trend reversals based on historical data.
- Positive net inflows into US-based spot ETFs: The inflows could contribute to Ether’s predicted price appreciation.
- BlackRock ETH ETF acquisitions: BlackRock’s latest ETF acquisitions may support Ether’s price rally to its old all-time high.
What Does the Future Hold for Ethereum?
Analysts predict that Ether’s bullish momentum may extend another year until the end of 2025. This prediction is based on technical chart patterns and fractal analyses shared by popular crypto analyst Titan of Crypto in a post on December 6.
Conclusion
Ethereum’s price rally to over $5,000 could be driven by its correlation with Bitcoin’s price, which surpassed $100,000 for the first time in history. Analysts predict that Ether’s bullish momentum may extend another year until the end of 2025.
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