Ethereum is attracting attention with predictions of a potential 97% price surge to $7,238 by early 2025, driven by a bullish “cup and handle” pattern and strong institutional growth. Analysts highlight the importance of confirming $3,800 as support, with significant inflows into Ether ETFs and whale accumulation indicating rising confidence. While some forecasts suggest prices could reach between $9,000 and $10,000 by May 2025, these projections hinge on maintaining critical support levels amid market pressures.
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Ethereum Price Surge Predicted as Analysts Eye Cup and Handle Pattern
Ether is forming a 3-year cup-and-handle pattern, with analysts predicting a potential price surge of up to 97% by the end of Q1 2025, targeting $7,238. Despite a recent 47% price increase, the market remains cautious due to the strength of the U.S. dollar index, currently at 105.78. Spot Ether ETFs in the U.S. have also seen record daily inflows, reaching $332.9 million on November 29.
read moreEthereum Poised for Significant Price Surge Amid Strong Accumulation and ETF Inflows
Ethereum is poised for a significant rally, with analysts predicting a 97% price surge by early 2025, targeting $7,238. This optimism is fueled by strong accumulation from whales and record inflows into Ethereum ETFs, alongside a bullish technical pattern nearing completion.Despite a 47.63% rise since November 1, Ethereum’s price remains constrained by a strong U.S. Dollar Index (DXY), which is expected to weaken, potentially unlocking further gains for ETH. Current price levels are seen as favorable for medium-term investment opportunities.
read moreRecord Inflows for Spot Ether ETFs Signal Shift in Market Dynamics
Spot Ether ETFs in the U.S. achieved a record daily inflow of $332.9 million on Nov. 29, surpassing the previous high of $295.5 million. BlackRock contributed $250.4 million to this total, marking over $2 billion in inflows since the launch of its iShares Ethereum Trust on July 23. This shift indicates a growing interest in Ethereum, with inflows surpassing those of Bitcoin ETFs for the first time on a day both saw inflows.
read moreBitcoin Price Drop Explained Factors Behind Recent Market Correction
Bitcoin experienced a significant drop of $4,000, falling from $92,000 to under $87,000, following a remarkable surge to an all-time high of $93,800. This decline is attributed to sell-offs by whales and miners, alongside substantial outflows from Bitcoin ETFs, which saw over $400 million withdrawn. Additionally, indicators suggested that Bitcoin had become overbought, raising concerns about its sustainability near the $100,000 target.
read moreEthereum Set to Gain from Trump’s Election Victory According to Consensys CEO
Ethereum is expected to benefit significantly from Donald Trump’s recent election victory, according to Consensys CEO Joe Lubin. He noted that the SEC’s previous actions have hindered Ethereum’s growth, but a change in leadership could lead to a more favorable environment for the protocol.Since Trump’s win, Ethereum has seen a 23% increase, with record inflows into US spot Ethereum ETFs reaching $295 million. Lubin anticipates a smooth transition at the SEC, hoping for Mark Uyeda to take over as acting chair, and has called for clearer regulations to support blockchain development.
read moreBitcoin Reaches New Highs Without Overvaluation Concerns Among Investors
Bitcoin has reached a new all-time high of $77,312, with a 13.52% increase over the past week, and is not raising overvaluation concerns among investors, unlike stocks. Bitwise CEO Hunter Horsley noted that rising Bitcoin prices are seen as indicators of its potential success, leading to further price increases. Analysts suggest that Bitcoin’s market remains fundamentally sound, with no signs of overheating, and positive momentum is expected to continue.
read moreBlackRock Bitcoin ETF Surpasses Gold in Assets Under Management in Ten Months
BlackRock’s Bitcoin ETF, IBIT, has surpassed $33 billion in assets under management (AUM) within just ten months of its launch, outpacing the iShares Gold ETF (IAU), which has been active for nearly two decades. Following the recent US election, IBIT attracted significant inflows, with a record $1.120 billion on November 7 and continued growth, while gold prices fell over 4%. Bitcoin’s price surged to $77,240, marking a 15% increase in just a few days, contrasting sharply with gold’s decline.
read moreBlackRock’s Ether ETF Sees Highest Inflows in 94 Days Amid Price Surge
BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded $60.3 million in inflows on Nov. 8, marking the highest daily inflow in 94 days, as Ether’s price hovered near $3,000. This surge follows a total of $84.3 million in inflows over the past week and coincides with significant market activity after Donald Trump’s presidential win. Meanwhile, Ether has achieved its largest weekly gains since May 2024, with analysts suggesting a potential trend reversal against Bitcoin.
read moreBitcoin ETFs Achieve Record Inflows Ahead of US Presidential Elections
In the week leading up to the US presidential elections, spot Bitcoin ETFs experienced their highest net inflows since March, totaling $2.22 billion, with BlackRock’s IBIT achieving a record inflow day of $872 million. Meanwhile, Ethereum ETFs lagged significantly, attracting only $13 million in net inflows over the same period, as ETH’s price dipped by 1.8%. Bitcoin’s price surged to $73,600 before retracting due to shifting political dynamics.
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