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Cryptocurrency News Articles

Ether Sets Up for a Rally Above $5,000, Coined as a “Minimum Target” by Crypto Analysts Anticipating a Cycle Top Above $15,000

Dec 14, 2024 at 03:03 am

In the wider crypto space, Avalanche closed a $250 million private locked-token sale from over 40 companies ahead of Avalanche9000

Ether Sets Up for a Rally Above $5,000, Coined as a “Minimum Target” by Crypto Analysts Anticipating a Cycle Top Above $15,000

Ether price is setting up for a rally to over $5,000, based on technical chart patterns, as analysts predict its bullish momentum may extend until the end of 2025.

The Ether ( ETH ) price could surge above the $5,000 all-time high, driven by its correlation with Bitcoin ( BTC ), which surpassed $100,000 for the first time on Dec. 5.

Ether’s rally to a $5,000 record high may be a “minimum target,” according to fractal patterns shared by popular crypto analyst Titan of Crypto in a Dec. 6 X post.

ETH/BTC, fractals. Source: Titan of Crypto

In crypto trading, technical traders use price fractal patterns to identify key support and resistance levels and potential trend reversals based on historical data.

Increasingly, analysts are bullish on Ether price, with some predicting an “impulse breakout” to $15,000 by the end of 2025.

News source:cointelegraph.com

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Other articles published on Dec 14, 2024