According to data from Farside Investors, the US spot Ethereum ETF rose 1.2% on the 24th (local time).
During the same day, the total inflow exceeded $2.5 billion, bringing the cumulative net inflow to $53 million.
On the 25th, Flipper wrote in a post on X that "Ethereum's price will gain further upward momentum if it transforms the psychological price range of $3,500 from a resistance line to a support line.
"ETH is breaking out as expected, and the current price is trying to turn the $3,500 level from resistance to support," he continued.
A psychological price band like $3,500 increases interest from retail investors, but if Ethereum fails to break out of this range, investment sentiment could fade.
Crypto analysts are optimistic about Ethereum's potential price growth going into 2025.
A Bybit spokesperson said: "ETH price hits $4,000 ahead of President-elect Donald Trump's inauguration on January 20th.
Analyst Lucky also said in a post on the 25th that "ETH may rise further after the year-end holidays, and the market size in 2025 will be
"It could surpass $5,000 during the cycle," he said, adding, "Expect significant movement after the year-end holidays."
Several major institutional crypto market participants are pushing for a higher price for ETH.
Looking forward to the targets: VanEck has predicted a high of $6,000 for ETH and $180,000 for Bitcoin in 2025.
2024/12/26 15:06 KST
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