đđ 5 Reasons Ethereum Price Could Jump 20% By Jan. 1
đ 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.
đŒ 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.
đ 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%.
đ 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.
đ 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.
â ïž 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.
