Fidelity's Ethereum ETF sees significant inflows of $83 million per day - what's next
Ethereum #ETF is on the upswing, bringing relief to 17 million holders who were negative
#ETH is a highly competitive altcoin.
The year-end hype is still quite active, especially with bitcoin [BTC] consolidating on the charts. Historically, the first quarter is bullish for the cryptocurrency market, creating favorable conditions for altcoin funding.
Meanwhile, #Ethereum [ETH] ETFs are also gaining momentum and showing impressive inflows. For example, Fidelity's Ethereum ETF (FETH) saw net inflows of $83 million, indicating that investors can start 2025 with a focus on diversification.
While it may be too early to draw definitive conclusions, Ethereum's 1.04% increase in price indicates a new trend worth watching. seems to indicate a new trend worth watching.
After President Trump pumped up the market, there have been some changes in its dynamics. When bitcoin hit the $100,000 mark at the end of the year, it initially looked like a strong bull rally, but its growth has since slowed. The resulting high-risk sentiment has made investors cautious.
Ethereum has not escaped this change either. After an initial surge, Ethereum's price has fallen to one-month old levels, wiping out much of the gains made as a result of the election. Approximately 17 million Ethereum addresses have now turned negative, adding to the pressure for a rebound.
amidst the uncertainty, a net inflow of $117 million through the ETH ETF brings welcome relief.
This is a positive sign that Ethereum is still poised for a rebound, especially since institutional interest was moderate for the second day in a row. However, a full rebound to $4,000 is still a long way off. From a technical perspective, a bounce of 18% is needed. And given the past 30 days, this may seem too optimistic in the short term.
the meantime, Ethereum's chart is more volatile.
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