🚀📊 5 Reasons Ethereum Price Could Jump 20% By Jan. 1
📈 1. Spot Ethereum ETFs See Rising Inflows
Ethereum ETFs added $130M on Monday, pushing total inflows to $2.46B and total assets to $12B. This growing institutional interest highlights increasing investor confidence in ETH.
💼 2. Rising Exchange Outflows Signal Accumulation
Exchange outflows hit 49.6K ETH, the lowest since December 19. Investors moving ETH off exchanges often signal accumulation, reducing selling pressure and supporting price recovery.
📊 3. Q1 Historically Bullish for ETH
Ethereum's best performance historically comes in Q1. ETH surged 60% in Q1 2024 and 52% in Q1 2023. The average Q1 performance over the past eight years stands at 92.75%.
📉 4. MVRV Indicator Suggests Undervaluation
ETH's MVRV ratio is currently at 1.54, well below the overvaluation threshold of 3.8. This indicates Ethereum remains undervalued with strong upside potential.
📊 5. Technical Indicators Support a 20% Surge
ETH trades above the 50-week MA and maintains its ascending trendline since June 2022. Key resistance sits at $4,000, with potential targets at $4,080 and $5,000.
⚠️ Key Support to Watch:
If ETH drops below $2,812, the bullish outlook may weaken, potentially falling to $2,500.
Ethereum's strong fundamentals, historical trends, and technical patterns suggest a potential 20% surge as we enter 2025.