Targets and Support Levels

Pseudonymous analyst venturefounder stated on X (formerly Twitter) that ETH is close to completing this pattern. If Ethereum confirms $3,800 as support, the first price target is $5,349, followed by $6,457, and finally $7,238.

This represents a potential 97% increase from its current price of $3,669, as per CoinMarketCap data.

Despite ETH’s 47% rally since early November, the analyst pointed out that its price hasn’t “exploded” yet due to the strength of the U.S. Dollar Index (DXY). Historically, significant breakdowns in the DXY have preceded major crypto market surges.

The DXY is currently at 105.78, and a potential decline could pave the way for ETH to break out significantly.

Other Analyst Predictions

• Titan of Crypto highlighted that the weekly Ichimoku Golden Cross indicates a target of $5,800 for ETH.
• Wolf predicted ETH could reach $9,000-$10,000 by May 2025.
• Doctor Profit advised his followers that “Anything below $4K is a gift for the mid-term,” emphasizing that the current levels still present a good buying opportunity.

Record Inflows for Spot Ether ETFs

On Nov. 29, spot Ether ETFs in the United States recorded an all-time high for daily inflows. A total of $332.9 million flowed into these ETFs, surpassing the previous record of $295.5 million set on Nov. 11 by $37.4 million.

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