Ether Eyes $5K as Avalanche Secures $250M – Finance Redefined

Ether Setting Up for a Rally Above $5,000

Crypto analysts predict a significant rally for Ether (ETH), setting $5,000 as a minimum target. Analysts also anticipate a cycle top of over $15,000 for the world’s second-largest cryptocurrency.

Ether to $5,000: Fractals and BlackRock’s $500M ETH ETF Buy

Ether could rally to $5,000, driven by technical chart patterns and bullish momentum extending until the end of 2025.

Key factors behind the predicted surge include:

• Correlation with Bitcoin (BTC), which recently hit $100,000 on Dec. 5.
• Fractal patterns indicating an all-time high breakout shared by popular analyst Titan of Crypto.
• Analysts foresee an “impulse breakout” that could take Ether to $15,000 by 2025.

Fractal patterns are historical technical signals used in crypto trading to identify key support, resistance, and potential trend reversals.

Avalanche Raises $250 Million Ahead of Avalanche9000 Launch

Layer-1 blockchain Avalanche successfully closed a $250 million private locked-token sale led by major investors:

• Galaxy Digital
• Dragonfly
• ParaFi Capital

Over 40 companies participated in the sale, including:

• SkyBridge
• SCB Limited
• Hivemind
• Morgan Creek Digital
• Republic Capital

This raise precedes the launch of Avalanche9000, described as the most significant upgrade in the blockchain’s history.

Telegram Founder Pavel Durov Questioned in Paris Court

Telegram founder Pavel Durov was questioned in a Paris court on Dec. 6 regarding allegations of the messaging app’s role in facilitating criminal activities.

Details include:

• Durov appeared alongside his lawyers at 10:00 am CET.
• The case involves Telegram’s alleged use for illicit transactions.
• Durov stated he “trusts the French justice” system but declined further comment.

Tether’s USDT Approved in Abu Dhabi

The Abu Dhabi Global Market (ADGM) officially recognized Tether’s USDT as an Accepted Virtual Asset (AVA). This approval allows licensed financial service providers to offer USDT services within a regulated financial ecosystem.

Key highlights:

• USDT is approved on multiple blockchains, including Ethereum, Solana, and Avalanche.
• Aligns with the UAE’s strategy to become a global hub for digital finance.

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

The Eigen Foundation announced it will allocate 1% of EIGEN token supply to the Protocol Guild, a group of core developers maintaining the Ethereum blockchain.

Key points:

• Funds will support 29 teams and 180 developers.
• EigenLayer enables restaking of Staked Ether (STETH) for additional yield opportunities.
• Other protocols can leverage Ethereum’s security through restaking.

DeFi Market Overview

According to Cointelegraph Markets Pro and TradingView, most of the top 100 cryptocurrencies ended the week in the red.

Major losers this week include:

• Worldcoin (WLD): Fell nearly 22%, marking the week’s biggest decline.
• EOS (EOS): Dropped over 21% on the weekly chart.