As a seasoned crypto investor with over a decade of experience navigating the digital asset landscape, I find the recent developments surrounding Ether intriguing and potentially promising. The surge in inflows to Ethereum ETFs to over $2.5 billion is a testament to institutional interest in this blockchain platform. However, the current 10% weekly drop in Ether’s price has me slightly concerned, but I remain optimistic that it could be just a temporary correction.
It seems that Ether could potentially experience a surge, given that the value of Ethereum-based Exchange Traded Funds (ETFs) has exceeded $2.5 billion.
On December 24th, a total of $53 million in new investments flowed into U.S.-listed Ethereum ETFs, pushing their collective assets to over $2.5 billion, according to data from Farside Investors.
Contrary to the increase in investments into ETFs, the value of Ether has dropped by about 10% over the past week, currently standing at $3,475 according to CryptoMoon Markets Pro data, as of 1:00 pm UTC.
According to well-known cryptocurrency expert Satoshi Flipper, written in a recent blog post on December 25th, there might be an increase in upward momentum for Ether once it surpasses the $3,500 psychological barrier and becomes resistance.
“ETH breaking out as expected, price now trying to flip the $3.5k level from resistance to support.”
Investment interest from retail investors tends to peak when figures such as $3,500 appear psychologically appealing, yet if Ethereum fails to surpass this threshold, the overall sentiment among investors might experience a setback.
Ether to $4k before Trump’s inauguration: analyst
Crypto analysts are optimistic about Ether’s price trajectory leading into 2025.
The cost of Ether could potentially surge past $4,000 by January 20th, the day President-elect Donald Trump assumes office, as suggested by a representative from Bybit, speaking to CryptoMoon.
“Bybit analysts see $4,000 on the horizon for ETH before Jan. 20.”
As a crypto investor, my enthusiasm about Ether’s price potential has been on the rise ever since Nov. 21, the day when Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), announced his departure from the regulatory agency, which was to take effect on Jan. 20, just before President Trump’s inauguration. This news has sparked a sense of optimism among many investors in the crypto space.
According to well-known analyst Lucky’s recent post on December 25th, there may be further growth potential for Ether following the holiday season, potentially pushing the ETH price beyond $5,000 during the 2025 market cycle.
“I’m targeting $ETH to $5K this cycle. After the holiday season, expect significant movement.”
Significant players in the cryptocurrency market are looking ahead, aiming for even greater price heights for Ethereum (ETH). VanEck, one of these players, anticipates that Ether could reach a peak of $6,000 by 2025, and Bitcoin (BTC) may soar to an astounding $180,000 within the same timeframe.
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2024-12-25 17:05