Ether ETFs surpassed $2.5B in inflows, signaling optimism despite a 10% price drop and resistance at $3,500. Institutions like VanEck predict a $6,000 cycle top for Ether price during 2025.
Analysis news
Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.
Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns.
Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
Increasingly more analysts and chart patterns are pointing to an imminent Ether breakout to an all-time high, bolstered by BlackRock doubling its Ether ETF holdings.
Ether’s price may see an imminent breakout against Bitcoin based on Ether’s correlation with the four-year Bitcoin halving cycle.
Bitcoin remaining range-bound below $100,000 could be a net positive for Ether’s price and invite more investment into the world’s second-largest cryptocurrency.
Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
Analysts are eyeing a 20–30% Bitcoin correction before the world’s first cryptocurrency breaches the $100,000 mark.
Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.