Analysis: Ethereum spot ETF saw record net inflows in December, potentially paving the way for a rebound in 2025
2024-12-28 12:34:24
The cumulative net inflow of Ethereum spot ETFs in the United States exceeded $2.10 billion to a new high in December, almost double the inflow of funds in November. The increase in ETF inflows is an optimistic signal for Ethereum price movement, further supporting the forecast of asset management giant VanEck, which expects Ethereum to reach a cycle top of $6,000 by 2025. According to technical chart patterns, crypto analyst TMV said that Ethereum has entered a wave of accumulation, which may help ETH price break through $4,400 in Quarter 1 2025, but if it pulls back below $2,914, the theory is invalid. A spokesperson for Bybit said that the price of Ethereum could rise above $4,000 before Trump is elected president on January 20. (Cointelegraph)
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