Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy
2024-12-07

Ether could see a rally to over $5,000 based on technical chart patterns, as analysts predict that Ether’s bullish momentum may extend another year until the end of 2025.
Ether ETHUSD price could surge above the $5,000 all-time high, driven by its correlation with Bitcoin BTCUSD price, which surpassed $100,000 for the first time in history on Dec. 5.
Ether’s rally to the $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.
In crypto trading, technical traders use price fractal patterns to identify key support and resistance levels and potential trend reversals based on historical data.
However, Ether’s price remains 18% below its old all-time high of $4,800, which is a significant resistance level for the world’s second-largest cryptocurrency.
Ether’s $479 billion market capitalization is worth $121 billion more than Bank of America’s $358 billion valuation, Companiesmarketcap data shows.
Positive net inflows into the United States spot Ether exchange-traded funds (ETFs) could contribute to Ether’s predicted price appreciation.
BlackRock ETH ETF acquires $500 million of Ether
BlackRock’s latest ETF acquisitions may support Ether’s price rally to its old all-time high.
BlackRock’s ETF bought over $500 million worth of Ether during the past week, doubling its ETH holdings during the past month, shared onchain intelligence firm Arkham Intelligence in a Dec. 6 X post.
The Ether ETFs amassed a cumulative $698 million worth of ETH during the past week, making it the highest week of inflows since they launched, Dune data shows.
For BTC, US-based spot Bitcoin ETFs accounted for about 75% of new investment in Bitcoin, pushing its price past the $50,000 mark by Feb. 15.
Ether Golden Cross signals more upside momentum
An emerging golden cross on the Ether chart could also contribute to its price rally, wrote crypto analyst Venture Founder in a Dec. 6 X post:

Increasingly more analysts are bullish on Ether price, with some predicting an ‘impulse breakout’ to $15,000 by the end of 2025.
Bitcoin Could Explode After $100K—Here’s Why. Source: YouTube