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.
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Ether may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.
The United States spot Ether (ETH) ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.
Despite the positive ETF inflows, Ether price is down nearly 10% on the weekly chart, trading at $3,475 as of 1:00 pm in UTC, Cointelegraph Markets Pro data shows.
Ether price could see more upside momentum once it flips the $3,500 psychological mark into resistance, according to popular crypto analyst Satoshi Flipper, who wrote in a Dec. 25 X post:
“ETH breaking out as expected, price now trying to flip the $3.5k level from resistance to support.”
Round psychological numbers like $3,500 invite increased retail investor attention, but investor sentiment could take a hit if Ether cannot cross this mark.
Related: Bitcoin analysts eye recovery to $105K, but ETF flows stagnate
Ether to $4k before Trump’s inauguration: analyst
Crypto analysts are optimistic about Ether’s price trajectory leading into 2025.
Ether price may be on track to a rally above $4,000 before Jan. 20, when President-elect Donald Trump will take office, according to a Bybit spokesperson, who told Cointelegraph:
“Bybit analysts see $4,000 on the horizon for ETH before Jan. 20.”
Investor optimism around Ether’s price potential has been growing since Nov. 21, when United States Securities and Exchange Commission (SEC) Chair Gary Gensler announced his departure from the regulatory agency, effecting Jan. 20, shortly before Trump takes office.
Related: Crypto trader turns $27 into $52M with savvy Pepe token investment
Ether may see more upside after the holidays, which could boost ETH price above $5,000 during the 2025 market cycle, wrote popular analyst Lucky in a Dec. 25 X post:
“I’m targeting $ETH to $5K this cycle. After the holiday season, expect significant movement.”
Some notable institutional crypto market participants are eying even higher price targets for ETH. VanEck predicted a $6,000 cycle top for Ether price and a $180,000 Bitcoin (BTC) price during 2025.
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This article first appeared at Cointelegraph.com News