30s Summary

Ethereum is struggling to break past $4,000 and may stabilize between the $3,000 and $4,000 range, according to Rekt Capital. The cryptocurrency may also drop more than 10% from its current price. Ethereum’s price trends could see a change due to a possible inversion of the head and shoulders pattern, the shortage of Ethereum on exchanges, and increased inflows into Ether exchange-traded funds (ETFs). Furthermore, analysts predict that Ether ETF inflows could surpass Bitcoin ETFs in a few years. This trend and the permission to make profits from staking may lead Ethereum’s price to reach $6,000 by 2025.

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So folks, Ethereum seems to be having a hard time breaking past the $4,000 mark despite rising above it a few times in the past month. This is all according to a crypto whizz, a guy who goes by the name Rekt Capital.

Rekt tells us that Ethereum might sit tight between $3,000 and $4,000 for a while. He says $3,000 is like its safety net, last time it hit this mark was November 9. Before that date, it hadn’t dropped below this since August.

What’s even more interesting is that Ethereum might even hover around the $3,000 zone, a drop of more than 10% from its current price tag of $3,466. We’re not sure just yet, but worth keeping an eye on.

And guess what, we might just see a change of tide in Ethereum’s price trends, thanks to a rendition of the famous inverse head and shoulders pattern. We’ll be watching to see if the current situation will develop to something similar. A bunch of factors might shake things up, like the shortage of Ethereum on crypto exchanges and the increasing inflows into Ether exchange-traded funds (ETFs).

Just a few days ago, data from the onchain market intelligence company CryptoQuant showed that Ethereum stockpiles on exchanges were at a record low, the smallest we’ve seen in 8.5 years! And many believe the momentum of Ether ETF inflows are only going to snowball and could even overtake Bitcoin ETFs in just a few years’ time.

In fact, since their launch in the US last July, Ether ETFs have amassed around $2.43 billion according to Farside data. Many reckon this rising trend will grace us until 2025, given the go-ahead from the folks in charge to make profit from staking.

To round it off, the folks at asset managing company VanEck predict the price of Ethereum could hit $6,000 by 2025’s fourth quarter. When Ether ETFs first came out, people expected it to hit it off like Bitcoin did when Bitcoin ETFs launched. But it didn’t quite go as planned, and the idea of Ether reaching $5,000 by the end of the year may be a bit of a pipe dream.