Analysis: Net inflows into Ethereum spot ETF hit a new high in December, which may pave the way for a rebound in 2025
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2024-12-28 21:02 4,689
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Golden Finance reported that the cumulative net inflow of U.S. Ethereum spot ETFs in December reached a new high of more than $2.1 billion, almost twice the inflow in November. The growth in ETF inflows is a bullish sign for Ethereum price action, further supporting predictions from asset management giant VanEck, which expects Ethereum to reach a cycle top of $6,000 by 2025. Based on technical chart patterns, crypto analyst TMV said that Ethereum has entered an accumulation wave, which may help ETH price break through $4,400 in the first quarter of 2025, but a pullback below $2,914 will invalidate this theory. A spokesperson for Bybit said that the price of Ethereum could rise above $4,000 before President-elect Trump takes office on January 20. (Cointelegraph)