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0 CommentsEther may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.
The United States spot Ether ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.
Despite the positive ETF inflows, Ether’s price was down almost 10% on the weekly chart, trading at $3,475 at 1:00 pm UTC on Dec. 25, Cointelegraph Markets Pro data showed.
Ether’s price may see more upside momentum once it flips the $3,500 psychological mark into resistance, according to crypto analyst Satoshi Flipper, who wrote in a Dec. 25 X post:
“ETH breaking out as expected, price now trying to flip the $3.5k level from resistance to support.”
Round psychological numbers like $3,500 invite increased retail investor attention, but investor sentiment could take a hit if Ether cannot cross the mark.
Ether to $4,000 before Trump’s inauguration: analyst
Crypto analysts are optimistic about Ether’s price trajectory leading into 2025.
Ether’s price may be on track for a rally above $4,000 before Jan. 20, when President-elect Donald Trump will take office, according to a Bybit spokesperson, who told Cointelegraph:
“Bybit analysts see $4,000 on the horizon for ETH before Jan. 20.”
Investor optimism around Ether’s price potential has been growing since Nov. 21, when United States Securities and Exchange Commission (SEC) Chair Gary Gensler announced his departure from the regulatory agency, effective Jan. 20, shortly before Trump takes office.
Ether may see more upside after the holidays, which could boost ETH’s price above $5,000 during the 2025 market cycle, wrote analyst Lucky in a Dec. 25 X post:
“I’m targeting $ETH to $5K this cycle. After the holiday season, expect significant movement.”
Some notable institutional crypto market participants are eying even higher price targets for ETH. VanEck predicted a $6,000 cycle top for Ether’s price and a $180,000 Bitcoin price during 2025.
Source: https://cointelegraph.com/news/ether-etfs-breakout-price-target-2025
