Ethereum

Donald Trump

Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally.
The United States spot Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH</a>) exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.
December’s $2.1 billion worth of inflows is nearly double that of November, when the ETH ETFs received just over $1 billion worth of cumulative net inflows, Farside Investors data <a data-ct-non-breakable="null" href="https://farside.co.uk/eth/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">shows</a>.
<figure><img alt="Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double" src="https://s3.cointelegraph.com/uploads/2024-12/01940ce0-64b2-7795-9bd7-188c6e0a50e7" title="">
 <figcaption style="text-align: center;">
 Ethereum ETF Flow (USD. million). Source: Farside Investors
 </figcaption>
</figure>
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-etfs-breakout-price-target-2025" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH ETFs surpassed $2.5 billion</a> in cumulative net inflows on Dec. 24, five months after they debuted for trading on July 23, 2024, Cointelegraph <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-ethereum-etfs-risks-taking-capital-away-from-bitcoin-analyst" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/spot-ethereum-etfs-risks-taking-capital-away-from-bitcoin-analyst">reported</a>.
Despite the record inflows, Ether is unable to escape its current downtrend. Ether price is down 8.4% on the monthly chart, trading at $3,353 as of 9:54 am in UTC, according to data from <a data-ct-non-breakable="null" href="https://pro.cointelegraph.com/users/sign_in" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Cointelegraph Markets Pro</a>.
<figure><img alt="Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double" src="https://s3.cointelegraph.com/uploads/2024-12/01940ce0-226c-7b77-a1ce-129cd0bdf83d" title="">
 <figcaption style="text-align: center;">
 ETH/USD, 1-month chart. Source: Cointelegraph
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</figure>
However, some traders are capitalizing on Ether’s downtrend. A savvy crypto trader was up <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-trader-makes-1-1m-ether-short-leveraged-trade" rel="noopener noreferrer nofollow" target="null" text="null" title="null">over $1.1 million</a> on his 50x leveraged Ether position in just 2 days after taking a short position on Ether, which effectively bets on its price decline.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-are-etf-fund-flows-and-why-do-they-matter" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Growing ETF inflows</a> are an optimistic sign for Ether’s price trajectory for the next year, further bolstering the predictions of asset management giant VanEck, which foresees a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vaneck-predicts-q1-2025-crypto-correction-q4-all-time-highs" rel="noopener noreferrer nofollow" target="null" text="null" title="null">$6,000 ETH cycle top</a> during 2025.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-resilient-options-expiry-december-2024" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Bitcoin unfazed by $14B option expiry setting $110K BTC target</a>
<h2 id="can-ether-cross-3-5k-despite-1b-in-cumulative-shorts">Can Ether cross $3.5k despite $1B in cumulative shorts?</h2>
The $3,500 price level continues to act as a significant resistance for the world’s second-largest cryptocurrency.
A potential Ether rally above $3,500 would liquidate over $1 billion worth of cumulative leveraged short positions across all crypto exchanges, CoinGlass data <a data-ct-non-breakable="null" href="https://www.coinglass.com/pro/futures/LiquidationMap" rel="noopener noreferrer nofollow" target="null" text="null" title="null">shows</a>.
<figure><img alt="Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double" src="https://s3.cointelegraph.com/uploads/2024-12/01940cdf-cacb-743d-9b8d-c2d1b148bb88" title="">
 <figcaption style="text-align: center;">
 Ether exchange liquidation map chart. Source: CoinGlass
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</figure>
At the time of writing, Ether’s price is trading 31% lower than its old all-time high of above $4,800, recorded on Nov. 16, 2021.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/redemption-arcs-2024-ripple-victory-memecoins-rwa" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth</a>
Based on technical chart patterns, Ether has entered an accumulation wave, which could help ETH price surpass $4,400 during the first quarter of 2025, wrote popular crypto analyst TMV in a Dec. 28 X <a data-ct-non-breakable="null" href="https://x.com/TraderTmv/status/1872840482738577693/photo/1" rel="noopener noreferrer nofollow" target="null" text="null" title="null">post</a>:
<blockquote>
 “Wave 5 accumulation [is] happening. Even if it sweeps one more time I will buy. Heavy target $4,400.”
</blockquote>
<figure><img alt="Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double" src="https://s3.cointelegraph.com/uploads/2024-12/01940cdf-4321-7d85-b0b1-42fbbab5a09d" title="">
 <figcaption style="text-align: center;">
 ETH/USD, 1-day chart. Accumulation waves. Source: Tmv
 </figcaption>
</figure>
However, the analyst warned that a correction below $2,914 would invalidate the accumulation wave thesis.
Most crypto analysts remain optimistic about Ether’s price trajectory in the first part of 2025.
Ether’s price may be on track for a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-rally-2025-analysts-predict-8k" rel="noopener noreferrer nofollow" target="null" text="null" title="null">rally above $4,000</a> before Jan. 20, when President-elect Donald Trump will take office, a Bybit spokesperson told Cointelegraph.<iframe width="100%" height="315" src="https://www.youtube.com/embed/pUxcQDO30Jo?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe>
Bitcoin in US Reserves: Could It Drive Prices to $500K? Source: YouTube
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-dominance-crypto-predictions-bull-run-benjamin-cowen-hall-of-flame/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame</a>

Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double

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