Analyst Claims Ethereum Is Set to Rally to $7,300: Here’s Why | Airdrop Alert Pro

Ethereum (ETH) has been rising strongly, with its price rising from $2,400 to $3,700 in recent weeks. This spike caught the attention of traders and investors, fueling optimism about ETH’s future. However, according to anonymous analyst VentureFounder, Ethereum is ready for a bigger rally that could reach $7,346.

Despite the bullish outlook, Ethereum’s fundamentals remain slightly unstable, with concerns over long-term holder (LTH) behavior and the market volatility. Although a major breakout is expected, caution is warranted as Ethereum moves through these critical stages.

The strategic rise of Ethereum

Venture capital analysts say Ethereum A “cup-and-handle” triangle consolidation pattern is currently forming, which is often seen as a sign of future price increases. According to this analysis, if Ethereum manages to break above the $3,800 resistance, it could target $7,346, a gain of more than 97% from current prices. This technical pattern means that a continued rise is possible, but only if ETH confirms the breakout and continues to build momentum.

However, the pattern is not fully confirmed yet, and Ethereum’s path forward depends on its ability to break through the $3,800 resistance. Until then, Ethereum remains in a consolidation phase and a breakout could serve as a catalyst for further price appreciation. Therefore, traders will keep a close eye on any signs of upside to validate the predicted rebound.

Ethereum’s macro momentum remains positive despite concerns over long-term holder (LTH) supply (as measured by the Vitality indicator). This indicator tracks whether long-term holders are selling or accumulating Ethereum.

The rise in activity indicates that LTH is liquidating its positions, which could signal a bearish trend or a shift in market sentiment. Conversely, a decline in vitality suggests that long-term holders are accumulating or holding on to Ethereum, reinforcing the bullish outlook.

The uncertainty surrounding LTH is worrying at the moment. if Ethereum’s A continued rise in activity could indicate that long-term holders are selling, which could put downward pressure on the price. Such selling activity could destabilize the rally and delay any potential price gains. Therefore, the behavior of LTH remains a key factor to watch.

ETH Price Prediction: Targeting All-Time Highs

Currently Ethereum It sits around $3,700, just below the key $3,800 resistance. If ETH manages to break above this threshold, it could rally to $7,346, as the cup-and-handle pattern suggests. This would represent a 97% increase, indicating huge bullish potential.

However, Ethereum must establish solid support above $3,800 before the price can surge higher.

The rebound from $3,800 was also key for ETH to break above the $4,000 mark, which is the current year-to-date high. This will ensure the belief of retail holders and the interest of institutional investors.

However, the bullish scenario could be at risk if Ethereum activity continues to climb and long-term holders continue to liquidate their positions. A sustained sell-off could lead to a price correction, pushing Ethereum back towards the lower $3,327 range. This potential downturn would invalidate the current bullish thesis and could delay the expected rally.