30s Summary
The demand for high-return Ether trading tools is growing, potentially pushing the cryptocurrency beyond a significant $4,000 price point. The popularity of an Ether fund that delivers double the standard returns has surged over 160% since November 5. Analysts believe Ether could reach up to $20,000 during the anticipated 2025 crypto boom. The ongoing surge in stablecoin inflows and sustained demand for Ether traded funds could further bolster Ether’s price. Experts suggest Bitcoin price fluctuations between $91,000 and $100,000 may redirect investment flow into Ether and smaller cryptocurrencies.
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Demand for trading tools that amplify potential profits for Ether, the world’s number two crypto coin, is booming. This could shoot Ether past a key price point of $4,000.
More and more traders want to beef up their Ether holdings, temporarily borrowing money to do this. A type of traded fund that gives double the normal return on Ether grew in popularity by over 160% since November 5, according to Vetle Lunde, K33 Research’s lead researcher.
Lunde found out that since November 5, the amount of money pumped into this type of fund had grown by 278,150 ETH, a growth of 160%. This fund now held more than half of the total amount of Ether waiting to be traded.
In just three weeks after Donald Trump won the 2024 US Presidential election, the demand for these kinds of funds shot up by 160%, improving the overall demand for riskier investments like cryptocurrencies.
Even though the price of Ether has been lagging behind Bitcoin lately, people trading in the market think this is going to change after the price slump for Ether. Based on how the price has been moving, some analysts think Ether could reach $20,000 in the peak of the 2025 crypto boom.
Expert Ryan Lee from Bitget Research thinks that more people buying Ether directly can also push the price toward $4,000. He said that recent price increases above $3,600 were driven by people accumulating Ether rather than speculating, so there’s a good chance that Ether could keep getting more pricey.
Trader Wolf thinks that if Ether manages to break past the $4,000 price point, it could even head north of $15,000.
Lee also added that the record inflow of stablecoins into exchanges in November could give a good boost to Ether’s price. He pointed out the strong, ongoing stream of stablecoins into the market is unlikely to reverse in the short term. That means the market’s momentum probably isn’t going away any time soon.
Bitcoin, the top-ranked cryptocurrency, recently hit a record high of $99,800 on November 22. However, it went into a minor slump right after, dropping above $91,000. Some experts think the price could dip by as much as 30% before crossing the six-figure price. Yet, this could spark a price hike for Ether, according to renowned cryptocurrency analyst Rekt Capital.
Rekt Capital also said that if Bitcoin’s price continues to fluctuate between $91,000 & $100,000, it could give Ether the chance to take the lead and direct money flow into smaller cryptocurrencies.
Persistent inflow into Ether traded funds could likewise help Ether’s price surge. Ether ETFs saw their fourth consecutive day of net positive inflows of over $90 million. So, buckle up everyone, it looks like we’re in for an exciting ride in the crypto market!