Ethereum Price Could Pump to $5,000 After Hitting Golden Cross But This Altcoin Will 10x First
The post Ethereum Price Could Pump to $5,000 After Hitting Golden Cross But This Altcoin Will 10x First appeared on BitcoinEthereumNews.com.
The cryptocurrency market could witness an extraordinary year in 2025, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. A recent report suggests that the ETH price could reach over $8,000, specifically following the spot Ethereum ETF. Analysts point to a combination of improved regulations, institutional adoption, and favorable economic conditions as the catalysts for this bullish outlook. While the ETH price is set to touch the $5,000 mark shortly, DTX Exchange is poised to grow by another 10x before Ethereum reaches new highs! Spot Ethereum ETFs Hit Record $2.08 Billion U.S. spot Ethereum ETFs set a record in December with over $2.08 billion in net inflows. The figure nearly doubled November’s inflows of just over $1 billion, underscoring growing investor interest in ether-backed financial products, according to data from SoSoValue. Experts anticipate more inflows into the spot Ethereum ETFs in 2025. BlackRock’s ETHA fund led the surge, attracting $1.4 billion in net inflows during the month, including 13 consecutive days of positive contributions. Fidelity’s FETH fund followed with $752 million in inflows. However, not all funds saw growth—Grayscale’s ETHE reported net outflows of $274 million. These inflows brought cumulative net inflows for spot Ethereum ETFs to over $2.6 billion, with total net assets reaching $12.12 billion. This represents over 3% of Ethereum’s market capitalization. December’s inflow record coincided with a mid-month rally in ether prices, briefly surpassing $4,000 before retreating to around $3,500. As of writing, Ethereum trades at $3,467, up 5% in the last 24 hours. The spot Ethereum ETFs are going to push the ETH price further! ETH Price To Hit $5000 In 2025 Following The Spot Ethereum ETFs Ethereum is predicted to outpace Bitcoin in growth due to its crucial role in powering decentralized applications (DApps) and smart contracts. The ETH/BTC ratio, which currently sits at…
Filed under: News - @ January 6, 2025 1:02 am