Ether (ETH), the native token of Ethereum, has increased 28% since November 18 and has continued to rise gradually over the last three weeks. The altcoin has recovered and is currently trading above $4,000 after experiencing a brief jump to $3,615 on December 5.
On the 4-hour chart, the trend continues to build a higher high and higher low trend, with its annual high value remaining at $4,098. The relative strength index, or RSI, is currently below the overbought area and appears to be in good condition.
Above $4,000, Ethereum suggests a "paradigm shift."
With Ethereum poised to surpass $4,000, a venture capitalist and anonymous cryptocurrency analyst set more ambitious goals for 2025. According to the expert, Ethereum is nearing a new "paradigm shift" as it consolidates inside a three-year rising triangular pattern.
Ethereum Price, Ethereum ETF, Altcoin Watch, Markets, and Market Analysis
The merchant stated,
Ethereum is likely to reach a new all-time high by repeating the rash breakout it saw between 2016 and 2017. Target price by May 2025: $15,937.
With a $16,000 ETH, the altcoin's market capitalisation would surpass $1 trillion for the first time ever.
To increase the likelihood that ETH would retest its all-time high at $4,878, or its immediate price objective, the analyst pointed out that Ether needs to end its weekly candle with $3,800 at support.
In a similar vein, independent cryptocurrency trader Honey said that Ether's 1-day chart's "golden cross" is emerging in line with past bull markets. According to the trader, ETH is starting a "giga pump" that will propel the altcoin to previously unheard-of heights.
Related: Anchorage Digital to facilitate staking in liquid ether
Ethereum spot ETFs continue their upward trend
Towards the end of 2024, spot ETH ETFs are starting to get the attention of institutions after being eclipsed by the performance of spot BTC ETF. According to Cointelegraph, the cryptocurrencies' financial instrument saw $428.5 million in daily inflows, the biggest since its introduction.
Ethereum Price, Ethereum ETF, Altcoin Watch, Markets, and Market Analysis
Location Since November 18, ether ETFs have had inflows of over $1.3 billion. BlackRock's iShares Ethereum Trust has led the charge with inflows of over $500 million this week, bringing its total inflows to $2.6 billion.
In addition to favourable price action and smart money interest, Ethereum's DeFi measures are also getting better. According to DefiLlama data, on December 5, the total value held on Ethereum's chain hit a new year high of $77 billion.
Ethereum Price, Ethereum ETF, Altcoin Watch, Markets, and Market Analysis
Related: Expert claims that the ETH/BTC "collapse is over." as $3.8K is recovered by Ether
There is no investment advice or recommendation in this article. Every trading and investment decision carries some risk, so readers should do their own research before making a choice.
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