Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analysis: Ethereum spot ETF's net inflow of funds reached a new high in December, potentially laying the foundation for a rebound in 2025

Analysis: Ethereum spot ETF's net inflow of funds reached a new high in December, potentially laying the foundation for a rebound in 2025

Bitget2024/12/28 20:47
ETH+0.37%

According to Cointelegraph, the US Ethereum spot ETF saw a record net inflow of over $2.1 billion in December, almost double the funds that flowed in November. The growth of ETF fund inflows is an optimistic signal for Ethereum's price trend and further supports asset management giant VanEck's prediction that Ethereum will reach a cyclical peak of $6,000 by 2025.
Based on technical chart patterns, crypto analyst TMV stated that Ethereum has entered an accumulation wave which could help ETH price break through $4,400 in the first quarter of 2025. However, if it retraces below $2,914 then this theory would be invalidated.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Data: Bitcoin spot ETF saw a total net outflow of $51.2824 million yesterday, marking the first net outflow after net inflows over the past 7 days.
2
Data: The current Crypto Fear & Greed Index is 51, indicating a neutral state.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,514.2
+0.97%
Ethereum
Ethereum
ETH
$4,610.49
+2.66%
XRP
XRP
XRP
$3.1
+2.90%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$992.89
+3.85%
Solana
Solana
SOL
$246.3
+5.12%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2823
+5.93%
Cardano
Cardano
ADA
$0.9161
+5.05%
TRON
TRON
TRX
$0.3444
+1.14%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter