“By end of Q1 2025 the latest”: ETH to breach $7,200

An analyst known as VentureFounder highlighted the existence of a “cup with a handle” pattern on the two-week ETH chart. This pattern points to a possible Ethereum rally in the next four months.

“$ETH has a 3-year cup and handle in the making, it is about to be completed now if #Ethereum confirms $3.8k as support,” the expert posted on X.

According to VentureFounder, Ethereum’s first price target could be around $5,349, the second at about $6,457, while the final third one will probably sit around $7,238. ETH will likely reach the latter “by end of Q1 2025 the latest,” the analyst suggested.

Moreover, VentureFounder announced the advent of the Ethereum golden cross. He stated that the ETH price had not “exploded” because of the high DXY, which used to drop lower in past cycles.

“DXY has been trending between 100–106 this cycle, but it is about to have a bigger break down than past cycles, ETH will explode,” VentureFounder claimed.

According to a prediction made by Block Scholes and Bybit Analytics, Ethereum price will grow before Donald Trump’s inauguration. Experts believe ETH can trade at around $4,000 by mid-January 2025.

Analysts highlighted the growth of open interest towards ETH, with over $8.9 billion worth of open contracts on the Bybit exchange. Another factor influencing investors’ sentiment was the news of SEC Chair Gary Gensler leaving his post.