Ethereum mirrors XRP's breakout, with projections targeting $10K to $12K growth.
Record ETH ETF inflows signal strong demand, surpassing Bitcoin's recent performance.
Analysts predict a market shift, with bullish bets on ETH hitting $4K to $10K.
Ethereum (ETH) seems to be mirroring XRP’s path. Analysts point to similarities in their three-year price charts. Pseudonymous analyst Wolf noted both assets spent three years in a compression triangle. XRP gained 3x after breaking out, leading to predictions that Ethereum could do the same. Some even project Ethereum could reach $12K.
https://twitter.com/IamCryptoWolf/status/1862828010719559951?t=S4rRj0fJjz4Nd3o2TyYRmA&s=19 Record ETF Inflows Signal Strong Demand
Ethereum ETFs recently overtook Bitcoin ETFs in daily inflows for the first time. On November 29, Ethereum products recorded $332.9 million in inflows, surpassing Bitcoin’s $320 million. This marked the highest daily inflow for Ethereum ETFs since their debut.
Data from SpotOnChain confirmed Ethereum ETFs drew more weekly inflows than Bitcoin, strengthening Ethereum’s market position. Bullish sentiment surged after the U.S. elections. Before November, predictions of Ethereum hitting a new high by 2024 stood at 8%. Post-election, the odds jumped to 25%.
Can Ethereum Maintain Momentum?
On Deribit, traders now see an 18% chance of Ethereum reaching $10K by September 2025. For December, bullish bets target $4K, $4.5K, and $6K, with $289 million in options trades supporting these levels. A 46% rally in November pushed Ethereum closer to breaking the 2024 downtrend line.
Analysts predict a potential shift in market structure. This could propel Ethereum to key targets like $4K and $4.5K in the coming months. With record ETF inflows and strong market interest, Ethereum seems poised for significant growth. Breaking the last cycle’s high of $4.8K could pave the way for more gains.
If momentum matches XRP’s breakout, Ethereum might even hit the ambitious $10K milestone. For now, the crypto community eagerly awaits Ethereum’s next move, as traders monitor this exciting rally.
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