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

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Despite a record inflow of $2.1 billion into Ethereum ETFs in December, it is still not enough to push Ethereum past the key resistance level of $3,500. Although market liquidity is lacking, analysts remain confident about future increases.

Surge in ETF inflows, future trends appear bullish.

The inflow of funds in December was almost double that of November, with a cumulative net inflow of $2.1 billion. Since the launch of the ETH ETF in July, total inflows have exceeded $2.5 billion, yet Ethereum still faces a monthly decline of 8.4%, with the current price at $3,344.97. Some traders have profited from Ethereum's decline through short-selling.

Breaking $3,500, leveraged shorts face massive liquidations.

$3,500 remains a significant resistance level for Ethereum. Once broken, it could trigger leveraged short liquidations exceeding $1 billion. Although the current price is far below the historical high of $4,800, technical charts suggest that Ethereum may break $4,400 in the first quarter of 2025. Analyst TMV indicates that Ethereum is entering an accumulation phase, expecting future trends to be more bullish.

Looking ahead: Potential to hit $6,000 in 2025.

Most analysts are optimistic about Ethereum's prospects in 2025, with VanEck predicting the ETH cycle peak will reach $6,000. As the presidential election approaches, some experts anticipate that Ethereum may break $4,000 before January 20.

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