Ether is ‘in the making’ for a three-year cup-and-handle, analysts estimate at $7.2K.

According to cryptocurrency analysts, Ethereum is forming a compelling pattern on its price chart, predicting a possible surge of up to 97% in the next four months.

“ETH has a three-year cup and controls the production process. It will be done soon once Ethereum confirms $3800 as support,” the venture founder, an anonymous cryptocurrency analyst, said in an X post on November 30.

Target is the end of the first quarter of 2025

The Venturefounder expects Ether (ETH) to reach its first price target of $5,349, followed by $6,457, and the third target of $7,238 by the end of the first quarter of 2025 at the latest. This represents an increase of approximately 97% from Ether’s current price of $3,669, according to CoinMarketCap data at the time of publication.

Despite Ether’s 47% price surge since November 1, the venture founder claimed the price has not yet “exploded” as the US Dollar Index (DXY) remains strong. DXY previously collapsed to lower levels before the cryptocurrency’s price moved significantly. market.

“DXY has been trending between 100 and 106 this cycle, but is due for a bigger crash than last cycle. “ETH will explode,” he said.

DXY is at 105.78 at time of publication, according to TradingView data.

Pseudonymous cryptocurrency trader Titan of Crypto predicted that Ether is set at “$5,800” as the Ichimoku Golden Cross “finally happens on a weekly basis.”

Crypto trader Wolf added, “I will call ETH to hit 9,000-10,000 by May 2025.”

Spot Ether ETF Achieves Record Daily New Inflows

Pseudonymous cryptocurrency trader Doctor Profit suggested to his 333,300 X followers that Ether could offer a buying opportunity. “Anything below 4,000 is medium-term futures,” the trader said in a Dec. 1 post.

“It’s still a good time to get involved,” added Doctor Profit.

relevant: Ethereum surpasses $4,000 before Trump takes office – Analyst

Meanwhile, on November 30, Cointelegraph reported that the U.S. spot Ethereum exchange-traded fund (ETF) set a new record in daily inflows on November 29.

Farside data shows $332.9 million in inflows into nine Ether ETFs on November 29, surpassing the previous single-day inflow record of $295.5 million reached on November 11 by $37.4 million.

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