The probability of Ether (ETH), the pioneer of altcoins, reaching the $5,000 level by the end of the year is quite low.
On-chain options protocol Derive stated that the outlook for ETH is positive, but they do not expect a major rally. The protocol emphasized that the probability of Ether reaching $5,000 is very low.
Although a sudden increase in prices is not expected, Derive noted positive signals from the US. The increase in investments in spot ETH ETFs traded in the US suggests that Ethereum is being watched more carefully by institutional investors.
What are the expectations for Ethereum?$ETH
Derive predicts that ETH will not reach its all-time high by the end of the year, but there may be a supply shortage for ETFs.
Derive Research President Sean Dawson evaluated ETH’s price movements in his market report dated December 10. Dawson stated that ETH’s probability of breaking a record has decreased from 16% to 8% and stated that buying and selling transactions in ETH are distributed evenly. It was noted that ETH needs to increase by more than 35% from current levels in order to reach $5,000.
Crypto analyst CoinMamba, however, disagrees with Dawson’s views. CoinMamba predicted that ETH would break a record by the end of the year and reach $5,000, and made a statement saying, “ETH will be $5,000, do whatever you want with this information.”
Ethereum participant Eric Conner stated that there is a daily inflow of $300 million into spot ETH ETFs, which could cause a demand shock on the supply side.
As Bitcoin approaches $100,000, investors are watching with curiosity whether ETH will break a record by the end of the year.