Eth (ETH) ETFs had a total assets of $2.5 billion as of December 24. These surging signals heighten investor confidence as Ether encounters resistance at $3,500, with a 10% weekly drop in prices.
Lending credibility to this is Farside Investors, which revealed from December 24, the American market witnessed $53 million worth of net new assets in the spot Ether ETFs. These inflows highlight sustained interest from institutional investors, despite Ether trading at $3,475 as of 1:December, to be precise, cost $3,303 by 00 PM UTC on December 25.
Ether’s position has placed enormous emphasis on its likelihood of flipping the $3,500 psychological level to the bullish side and open up the road towards $4,000 or higher.
“Bybit analysts see $4,000 on the horizon for ETH before Jan. 20.”
Ether Faces $3,500 Test, Could Trigger Next Rally
Hilton noted in a December 25 post on X (formerly Twitter) that: “Round psychological numbers like $3,500 attract a lot of retail investor attention, and flipping this level into support could create a rush into copy-buying pressure.” As such, he said that missing this level may lower investor confidence in the short run.
More extended perspectives indicate a bullish picture of Ether in the upcoming months and years until 2025. VanEck, one of the most influential institutional investors in the crypto market, expects Ether to print a cycle high of $6,000 and Bitcoin to reach $180,000 during the next cycle.
crypto market passion has been fueled by the recent changes in regulation. The stock market has looked up since November 21, putting into the public domain that SEC Chair Gary Gensler will be out of office by January 20, 2025. The timing is not far fetched as it happened at the beginning of the new administration of President-elect Donald Trump, a move some analysts reckon may lead to enhancing friendly regulation for cryptocurrencies.
Lucky the Analyst in X post on December 25 also increased, suggesting Ether may reach $4,000 before Trump’s inauguration on January 20. “ETFs are bullish, regulators are changing, and post-holiday trends are as follows,” he said.
Similarly, others have said that a successful break above $3,500 will likely see ETH go further towards $5,000 or even higher by mid-2025, supported by retail and institutional investors.
From Ether ETFs to Bitcoin Futures: Institutional Investors To Play A Pivotal Part In Crypto Industry. The $2.5 billion threshold is an important signpost since the positive longer-term outlook for Ethereum has not wavered when short-term price fluctuations have gotten attention.
While investors go to the last days of 2024, everyone expects Ether to cross $3,500 because of the boost that the ETFs gave. It (a successful move) could support elevated forecasts and put in motion the potential for an epic 2025 cycle.
