"Nobody Needs ETH": BlackRock and Fidelity are actively buying the asset for their ETFs. According to #Arkham, in two days the financial giants bought#ETHfor $500 million.

Straight to the point - we expect very active growth and a new ATH for ETH with an exit above $5,000 in the next two weeks, from December 16 to 29.

Overall, inflows into spot Ethereum ETFs have been going on for 13 days in a row. And at the end of the past week, a record net inflow into spot Ethereum ETFs was recorded - $836.8 million. For comparison, the week before it was $465.6 million.

The only thing left to add to this is that of the 18 billion#USDTthat were “printed” by#Tetherin November-December, almost all of them came out on the#Ethereumblockchain. Although the entire year before that, USDT on#Troneither led, or the ratio was about 50/50.

How is the#ETHchart doing now? The asset price on the four-hour TF fell on the dump on December 9th more than#BTC(reflecting the general trend of a greater drawdown of altcoins this time). All three basic correction targets were worked out, the price went slightly lower, but after the signal of a potential low, it still did not remove liquidity beyond the low on December 3rd.

By the way, the entire correction on December 9 took place right after the signals of a potential high on the 12-hour TF.

Now the four-hour TF#ETHis again in a stable uptrend, on all the main TFs the asset is again with long structures according to the indicator. But the change occurred simultaneously with signals of a potential high. And we can expect a rollback, probably at least to the volume level of $3,802. With a more noticeable correction - to a test of the downward trend from March 12 (currently taking place at $3,645).

When growth resumes after a correction (or when signals of a potential high are broken), the targets for our indicator on the four-hour TF for#ETHare:

- Basic goals:

-- 4 043$,

-- 4 134$.

- Additional goals:

-- 4 254$,

-- 4 261$,

-- 4 413$,

-- 4 433$,

-- 4 453$,

-- 4 624$.

Additional targets are visually divided into two "densities", in such cases, when the signal is processed, they are most often achieved by two separate impulses, which are separated by trading in the range. Separately, we would like to remind you that on the weekly TF, the asset has a stable uptrend with a maximum additional target of $ 5,075. But this, of course, is not the maximum target of the cycle.

The current weekly candlestick for#ETHis with a potential high mark. BUT, according to the indicator, there can be up to three of them in a row. And#BTCrecently showed in a similar situation that the first mark was only a starting run-up before the "Trump pump" in the next two weeks. And even after these marks, the ascending structure on the weekly TF is still not broken there.

Therefore, let us repeat: our expectation is that we are expecting very active growth and a new ATH for ETH with an exit above $5,000 in the next two weeks, from December 16 to 29. On November 25, at a rate of $3,352, we already congratulated everyone on the start of the bull run for ETH and since then the asset has already set a high of $4,087. Further growth is a priority. And this, by the way, is a reason to look at many altcoins of the Ethereum ecosystem.