PANews reported on December 7 that according to Cointelegraph, data showed that Ethereum is experiencing a similar breakthrough trend to XRP, breaking through the upper trendline of its three-year symmetrical triangle pattern in the week ending December 8. Market analyst VentureFounder predicts that Ethereum will have an "impulsive breakthrough" in the coming months. Ethereum's current trend is similar to its 2016-2017 cycle, and it is predicted that it will repeat the explosive rise that pushed ETH to a new high at that time.
VentureFounder said that it is very important for Ethereum to maintain $3,800 as support. Successfully maintaining this level will increase the possibility of retesting its all-time high of $4,878 in the short term, and then it may continue to rise. He even predicted that the ETH price target is to reach $15,937 by May 2025, which will push Ethereum's market value to exceed $1 trillion for the first time.
