Ethereum ETF hits record high, breaking through $3,500 becomes a key challenge!

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Although Ethereum ETF inflows hit a record high of $2.1 billion in December, it was still not enough to push Ethereum above the key resistance level of $3,500. Although the market liquidity is insufficient, analysts are still confident about future gains.

ETF inflows surge, future trends are more bullish

Inflows in December were almost double that of November, with a cumulative net inflow of $2.1 billion. ETH ETF has received more than $2.5 billion in total inflows since its launch in July, but despite this, Ethereum is still facing a monthly decline of 8.4%, and the current price is $3,344.97. Some traders profited from the decline of Ethereum by shorting.

Breaking through $3,500, leveraged shorts face massive liquidation

$3,500 remains an important resistance level for Ethereum, and once broken, it could trigger more than $1 billion in leveraged short liquidations. Although the current price is well below the all-time high of $4,800, technical charts show that Ethereum could break through $4,400 in the first quarter of 2025. Analyst TMV said that Ethereum has entered an accumulation phase and is expected to be more bullish in the future.

Looking ahead: $6,000 may be hit in 2025

Most analysts are optimistic about Ethereum's prospects in 2025, and VanEck predicts that the top of the ETH cycle will reach $6,000. As the presidential election approaches, some experts expect Ethereum to break through $4,000 before January 20.

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