In the world of cryptocurrencies, analysts are predicting that Ether (ETH) is setting up for a rally above $5,000. This prediction is based on technical chart patterns and fractal analysis, which suggests that ETH’s price could surge to new heights.

Ether’s Correlation with Bitcoin

One reason why analysts believe that ETH could reach $5,000 is its correlation with Bitcoin (BTC). BTC recently surpassed $100,000 for the first time, and this has triggered a bullish sentiment in the crypto market. As a result, many experts are predicting that ETH will follow suit and reach new all-time highs.

Fractal Patterns Indicate a Minimum Target of $5,000

According to fractal patterns shared by popular crypto analyst Titan of Crypto, ETH’s price could surge above the $5,000 all-time high. These patterns are used by technical traders to identify key support and resistance levels and potential trend reversals based on historical data.

Impulse Breakout to $15,000 Predicted

Increasingly, analysts are bullish on Ether price, with some predicting an "impulse breakout" to $15,000 by the end of 2025. This prediction is based on the assumption that ETH’s price will continue to follow its trend and reach new all-time highs.

Avalanche Raises $250 Million Ahead of Avalanche9000 Launch

Meanwhile, in other crypto news, Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. This raise comes ahead of the launch of the Avalanche9000 network upgrade, which is purported to be the most significant upgrade in Avalanche’s history.

Over 40 Companies Participate in Token Sale

The token sale was led by over 40 companies, including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others. The raise is a significant milestone for Avalanche and demonstrates the growing interest in its platform.

Telegram Founder Pavel Durov Questioned in Paris Court

In other news, Telegram founder Pavel Durov was reportedly questioned in a Paris court for the first time regarding a legal case involving allegations of the messenger app facilitating criminal activity. Durov appeared in a Parisian court alongside his lawyers and refused to elaborate on the case.

Tether’s USDT Approved as Accepted Virtual Asset in Abu Dhabi

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority officially recognized Tether’s USDt (USDT stablecoin) as an accepted virtual asset (AVA). With this approval, licensed financial service providers within the ADGM can offer services related to USDT and facilitate its integration into regulated financial ecosystems.

Eigen Foundation Commits 1% of EIGEN Supply to ETH Protocol Guild

The Eigen Foundation announced that it will allocate 1% of the EIGEN token supply to the Protocol Guild — a group of core developers responsible for maintaining the Ethereum layer-1 blockchain. The funds will be used to support the continued work of the Protocol Guild and enable further development on the platform.

DeFi Market Overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red. Of the top 100, Worldcoin (WLD) fell nearly 22% marking the week’s biggest decline, followed by EOS (EOS) token down over 21% on the weekly chart.

Total Value Locked in DeFi

The total value locked in decentralized finance (DeFi) reached new heights, with many protocols experiencing significant growth. This growth is attributed to the increasing popularity of DeFi and its potential for high returns on investment.

Conclusion

In conclusion, Ether’s price could surge above $5,000 based on technical chart patterns and fractal analysis. Additionally, Avalanche raised $250 million ahead of its network upgrade, while Telegram founder Pavel Durov was questioned in a Paris court regarding allegations of the messenger app facilitating criminal activity. Tether’s USDT stablecoin was approved as an accepted virtual asset in Abu Dhabi, and the Eigen Foundation committed 1% of its EIGEN supply to the ETH Protocol Guild.

Recommendations

Based on these developments, we recommend that investors keep a close eye on Ether’s price movement and consider investing in Avalanche. Additionally, DeFi enthusiasts should continue to monitor the growth of decentralized finance protocols and their potential for high returns on investment.

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