{ }
Ethereum's price has dropped below $3,900, with bearish sentiment targeting a decline under $3,700 following a double-top reversal at the $4,000 resistance level. Currently trading at $3,837, the cryptocurrency faces significant supply pressure and is nearing critical support levels, with a potential fall to $3,378 if key supports break. Despite this volatility, institutional interest remains strong, highlighted by $144.7 million in inflows into U.S. spot Ethereum ETFs, including significant purchases by BlackRock and Fidelity.
Bloomberg analyst Eric Balchunas forecasts a significant expansion of cryptocurrency ETFs by 2025, starting with combined Bitcoin and Ethereum products, followed by Litecoin, HBAR, and potentially XRP and Solana. The approval of these ETFs could enhance market stability and liquidity, attracting institutional investors and solidifying crypto's integration with traditional finance. The SEC's approval of Bitcoin ETFs in January 2024 has already led to over $123.87 billion in inflows, marking a pivotal moment for the crypto industry.
BlackRock’s IBIT has emerged as the decade's leading ETF, achieving over $36 billion in net inflows within just 11 months, surpassing 2,850 rivals. It set a record for the largest daily inflow among Bitcoin ETFs, capturing over $1.1 billion in a single day, significantly outpacing Fidelity's FBTC. Analysts highlight that crypto ETFs are pivotal in driving Bitcoin's growth, with total assets under management in US crypto ETFs reaching $130 billion, nearing gold ETFs' $128 billion.
Ethereum's ETF market has reached a record $855 million in inflows, driven largely by institutional demand, particularly from BlackRock and Fidelity, which together accounted for over 90% of the total. This surge reflects a growing acceptance of Ethereum as a legitimate asset class, with ETFs offering a regulated and secure investment vehicle. As institutional interest continues to rise, Ethereum's role in portfolios is expected to expand, potentially leading to greater market stability and long-term growth.
The US Ethereum spot ETF experienced a significant inflow of approximately $51.1 million, marking the 16th consecutive trading day of net inflows. Notably, BlackRock ETHA led with about $30.7 million, followed by Fidelity FETH with $4.1 million, Bitwise ETHW with $8.7 million, and Grayscale Mini ETH with $7.6 million. Other products reported no net inflows or outflows.
The cryptocurrency landscape is rapidly evolving, with LightChain AI (LCAI) emerging as a notable investment opportunity, leveraging AI and blockchain technology. Currently in presale at $0.003 per token, analysts predict LCAI could reach $1 by the end of 2024 and $5 by early 2025. Other strong contenders include Ethereum, Binance Coin, Solana, and Chainlink, each showing significant growth potential and robust market activity.
US investors have significantly increased their investments in spot Bitcoin ETFs, with net inflows reaching $2.17 billion over the past week, led by BlackRock’s IBIT. Meanwhile, Ethereum ETFs also saw strong performance, attracting $854.8 million, despite ETH's price declining by 2.5%.
Bitcoin ETFs in the U.S. have seen a remarkable 12 consecutive days of positive inflows, totaling $429 million on December 13, with BlackRock’s iShares Bitcoin Trust leading the charge. Meanwhile, Ethereum ETFs recorded $23.6 million in inflows, marking their 15th straight day of growth, driven by BlackRock’s Ethereum Fund. Both markets reflect increasing investor interest, with Bitcoin priced at approximately $101,367 and Ethereum at around $3,870.
Dan Morehead, founder of Pantera Capital, predicts Bitcoin's market cap could reach $15 trillion, with prices potentially hitting $740,000 by April 2028. He emphasizes the current low institutional investment in crypto and suggests that clearer regulations under President Trump could enhance adoption. Morehead notes that despite Bitcoin's growth, significant skepticism remains among large investors, but mainstream financial firms are now embracing it.
Ethereum's price is currently around $3,900, facing a critical resistance near the $4,000 mark amid significant inflows into Ethereum ETFs, which recorded $273.7 million in net inflows recently. With a change in SEC leadership, expectations rise for potential staking within these ETFs, which could further boost ETH's value. A sustained move above the upper boundary of a symmetry triangle pattern is essential for ETH to break through the $4,000 barrier and aim for its all-time high of $4,868.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.