Ether’s 3-Year Cup-and-Handle Pattern Points to Potential 97% Surge by Q1 2025

Ether (ETH) is forming a compelling technical pattern on its price chart, with analysts projecting a massive 97% upward move by the end of Q1 2025. According to pseudonymous crypto analyst Venturefounder, Ether is currently in the process of completing a three-year-long cup-and-handle pattern, signaling a potential breakout if the cryptocurrency successfully holds $3,800 as support.

Potential Price Surge: $7.2K by Q1 2025

Venturefounder, in a Nov. 30 X post, outlined a bullish price forecast for Ether, suggesting a price target of $5,349 initially, followed by $6,457, and a final target of $7,238 by the end of the first quarter of 2025. This represents an almost 97% increase from Ether's current price of around $3,669, based on CoinMarketCap data.

Despite Ether’s impressive 47% price surge since the start of November, Venturefounder pointed out that the asset has not yet “exploded,” largely due to the strength of the U.S. Dollar Index (DXY), which has historically stalled crypto market rallies. The DXY has been hovering between 100 and 106 in its current cycle, but the analyst believes that a significant breakdown of the DXY could trigger a major price surge for Ether.

“At the moment, DXY is sitting at 105.78, but it is about to see a bigger breakdown than in previous cycles, and when that happens, ETH will explode,” Venturefounder predicted.

Bullish Signals: Ichimoku Golden Cross and Record ETF Inflows

In addition to the cup-and-handle pattern, other analysts are also bullish on Ether. The pseudonymous trader Titan of Crypto pointed out that the recent formation of the Ichimoku Golden Cross on the weekly timeframe further supports the bullish outlook for Ether. Titan of Crypto has set a price target of $5,800 for the cryptocurrency.

Moreover, Ether’s growing appeal is evident in the significant inflows into Ether-based exchange-traded funds (ETFs). On November 29, the nine spot Ether ETFs in the U.S. recorded a new daily inflow record of $332.9 million, surpassing the previous high of $295.5 million from November 11. This surge in institutional investment signals increasing confidence in Ether's future prospects.

A Buying Opportunity Below $4K

Crypto trader Doctor Profit, with over 333,000 followers on X, also sees a buying opportunity for Ether, suggesting that “everything below $4,000 is a gift for the mid-term.” This sentiment echoes the growing optimism surrounding Ether's potential for further gains in the coming months.

Conclusion

With a 3-year cup-and-handle pattern taking shape, increasing institutional interest, and favorable technical indicators like the Ichimoku Golden Cross, Ether is poised for a significant price movement. If Ether confirms $3,800 as support, analysts believe the cryptocurrency could see a 97% surge, potentially reaching as high as $7,238 by the end of Q1 2025. As always, investors should remain cautious and closely monitor market conditions, but the bullish outlook for Ether is hard to ignore.