CandleFocus Spot Ethereum ETFs break a key record: can ETH price hit $5k?
2024-12-14
Author: Content Editor
The inflows into spot Ethereum exchange-traded funds (ETFs) have reached a new record, with inflows for 16 consecutive days. On Friday, the inflow stood at over $23.6 million, bringing the total amount since inception to $2.26 billion. The Grayscale Ethereum ETF remains the largest with over $5.6 billion in assets. One reason for the inflows is the anticipation that the US Securities and Exchange Commission will allow staking, which could lead to higher prices and staking rewards for ETF holders. Ethereum's price is currently close to $4,000 and has risen by 153% from its 2023 lows. On-chain metrics, such as the number of active Ethereum addresses and the increase in market share by Ethereum whales, are also positive. Analysts predict that the price of Ethereum could reach $5,000 if it can break the resistance at $4,092.
Related News
Ethereum Sees 8-Month High in Wallet Growth as Price Nears $4,000 Bitcoin Proposal Seeks to Redefine its Units and Eliminate Decimal Points Can 1 million Bitcoin really pay off the $36 trillion U.S. national debt? Peter Schiff doubts Musician Drake's X account seemingly hacked, used to promote Solana memecoin MARA Next In Line For NASDAQ Listing? Michael Saylor Hints Microsoft’s decision to not add Bitcoin to its balance sheet was a great idea for both These are Solana's top holders as of December 2024 Biggest Altcoin Gainers of the Second Week of December 2024 Traders’ skepticism keeps ENA down – Why and what next? US Treasury Secretary Yellen tells Trump “Don’t politicize bank supervision” LUNC News: Terra Luna Classic Nears Key Proposal Approval Before v3.3.0 Upgrade NFT sales spike to $224m, Pudgy Penguins sales surge 50% XRP surges in South Korea, Won tanks as parliament votes to impeach President Yoon Suk Yeol IQ Launches Web3 Protocol to Tokenize and Own Autonomous AI Agents Solana Approaches Critical $245 Resistance: Will It Break Through? Dogecoin Price Prediction: DOGE Price might crash to THIS Level! Why Hong Kong has grown into a crypto hub — CEO of WOW Summit Here's when Bitcoin will hit $150,000, according to analyst Spot Ethereum ETFs break a key record: can ETH price hit $5k? Former PM of Thailand and his rich friends believe Bitcoin will reach $850,000 – Calls for Thai people to adopt BTC NFP Upgrades to MetaMask SDK for Enhanced Web3 Interactions XRP Price Prediction for December 14 Solana to $500? VanEck’s Bold Price Prediction for SOL Bitcoin improvement plan reignites debate over token denomination methods Shiba Inu Price Prediction: Is a Déjà Vu Rally on the Horizon? Beat Bitcoin? Rotate Between Large-Cap and Small-Cap Coins for Gains Prominent Market Analyst Dennis Gartman Says “I Will Not Buy Bitcoin”, Explains Why 60.9 Billion Dogecoin in 24 Hours, DOGE Mirrors Bullish Pattern This Week in Meme Coins: DOGE, WIF Decline, but FARTCOIN Delivers 200% Hike DOGE Price Prediction for December 14 Just 1.9 Trillion SHIB in 24 Hours: What's Really Happening? What's Next for Bitcoin? On-Chain Data Signals What's Coming Fantom’s ‘Cup and Handle’ setup can push FTM to as high as… Altcoin Season Strengthens as Bitcoin Dominance Slips Below 60% Major Twist in Shiba Inu (SHIB) Burn Rate Can Trigger Price Surge Ethereum short positions reach record high despite bullish sentiments Ripple CTO Clears Up Critical AMM Misconception Coinbase legal chief addresses $1B lawsuit tied to wBTC delisting Dogecoin's Unusual Design Choice: DOGE Founder Breaks Silence Band Protocol Joins Celo Alfajores L2 for Decentralized Price Data Launchpads are the key to decoding crypto’s investment complexity | Opinion XRP Price on Verge of Major Milestone, Is $3 Imminent? November record for trading on CEX Airdrop success fuels HYPE’s 24% hike, but is there more to come? Can XRP Price Hit $3 Soon? XRP Bounce Back To $2.45: Experts Say It May Never Fall Below $2 Again xAI to rollout smarter Grok chatbot on X Ethereum poised for record highs in Q1 2025, analysts predict ChatGPT says Cardano (ADA) price will hit this target by December 31, 2024 CryptoPia Joins Forces with Jump.fun to Redefine Memecoin Launches XRP OI Skyrockets 13.28%: Something Big Coming? Is OpenSea Planning a Token or Airdrop? Here’s What We Know So Far Reduced Leverage Drags Altcoin Trading: Meme Tokens Bear the Brunt Can Shiba Inu price really soar to $1 as burn rate jumps? Crucial Anti-Scam Warning Comes From SHIB Team Collateralization Model Sets XRP Fair Market Value at $122,580 Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next? XRP Avoids Drop Below $2 as Bulls Regain Control Digital Chamber CEO Perianne Boring Suggests Bitcoin (BTC) Could Skyrocket to $800,000 Next Year – Here’s Why Senators to vote on SEC Commissioner Crenshaw’s renomination next Wednesday after postponement UAE AI digital bank Zand receives crypto custody license Singapore’s Bitcoin gamble sees huge rewards amid monster bull run All the reasons why HBAR’s price may be ready for a 20% hike now REI Network Joins Forces with Imagen AI to Transform AI-Driven Web3 Creativity XRP Takes A Break And Prepares For A Possible Rally To $3.50 Whale Sells WIF Tokens Worth $1.09 Million, Swaps Meme Coin for FARTCOIN Ripple (XRP) Eyes $2.5, Bitcoin (BTC) Jumps Toward $102K (Weekend Watch) We Asked ChatGPT if Ripple (XRP) Can Reach $1T Market Cap This Cycle Here is the Latest Update on Blackrock XRP ETF Has PEPE’s Recent Bullish Turn Propelled This Dormant Whale? John E. Deaton Calls for SEC-CFTC Merger to Simplify Crypto Regulations Elon Musk Slams SEC, Ripple CEO Agrees Should I HODL or buy more crypto? Binance offers investment advice Bitcoin Maintains Its Rise And Returns To A High Of $100,000 Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target Atkins and Sacks: Pioneers of Crypto Regulation? Institutions and Whales Accumulate DeFi Tokens on Ethereum Radiant Capital Hack: How Hackers Used a PDF to Steal $50 Million OpenAI Whistleblower Found Dead in San Francisco Apartment in Apparent Suicide Shiba Inu’s (SHIB) Bullish Momentum and Order Imbalance: Time to Buy? Top 2 DeFi Tokens Whales Are Accumulating for 2025 Gains Why shareholders want Amazon to bet on Bitcoin, and why it matters Gold and Silver vs. Biden’s ‘Inflation Nightmare’: Florida's CFO Reveals Bold Plan to Counter CBDC Threats Why Caroline Crenshaw’s Future at the SEC Is Uncertain XRP Price Prediction For December 14 Here’s How Much You Will Earn on Holding 100M Shiba Inu if SHIB Hits $0.0001, $0.001, $0.01, $0.1, or $1 XION Partners with Thrive Protocol to Unveil $12.6M Anti-Grant-Grant Program How $40 Could Multiply to $400K with These Altcoin Picks AAVE Price Set to Hit $430? Trump-Linked Project Invests Again Top 2 DeFi Tokens Whales Are Accumulating for 2025 Gains XLM Price Prediction, Could Stellar Hit $2? Expert Insights A Crypto Whale Scoops Up $20M in Ethereum After the Price Drop Ex-Goldman Sachs and Morgan Stanley exec joins OpenZK Network as co-founder Bitcoin Bull MicroStrategy Joins Nasdaq 100 Solana (SOL) Critical, Here's Why; Key Shiba Inu (SHIB) Support Survives, Is Hidden XRP Volume Pattern Forming? Trump’s World Liberty Multisig Intensifies Crypto Investments ‘Tomarket’ Telegram Game Dumps TON for Aptos Ahead of Token Launch and Airdrop