A massive influx in the spot Ethereum ETF has pushed the ETH price to new highs. As whales continue to join the spot Ethereum ETF, analysts predict $5000 as the next target for ETH price. Experts claim that the DTX Exchange is expected to surge just like the ETH price, pumping by a massive 880%! The hybrid platform has raised over $10 million in its presale at a token price of $0.12.
Spot Ethereum ETFs Break A Key Record: ETH Price To Hit $5k!
Spot Ethereum ETFs have had inflows in the last 16 consecutive days, breaking a personal record. The net inflow on Friday, Dec. 14, stood at over $23.6 million, bringing the total amount since inception to over $2.26 billion.
According to SoSoValue, all spot Ethereum ETFs hold over $13.7 billion in assets. The Grayscale Ethereum ETF is still the biggest, with over $5.6 billion. It is followed by iShares Ethereum Trust ETF, Fidelity Ethereum Fund, Bitwise Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.
One reason for the spot Ethereum ETF inflows is the rising hope that the U.S. Securities and Exchange Commission will allow staking. Such a move would mean that ETF holders will benefit as the coin’s price rises and from the staking reward. Data by StakingRewards shows that the staking yield stands at 3.26%.
The spot Ethereum ETF inflows happened at a time when Ethereum was doing well. Its price is hovering near $4,000 and is just 25% below its all-time high of $4,870. It has jumped by 153% from its 2023 lows.
ETH Price Analysis: Can ETH Hit $5,000?
In a recent note, CryptoQuant predicted that the ETH price was on a path to $5,000, citing the demand and supply dynamics. On the weekly chart, we see that the ETH price has risen, and a strong barrier at $4,092 was found. It has failed to cross that level two times before — in March and May.
Ether has remained above the 50-week and 200-week moving averages and the 23.6% Fibonacci Retracement level. Therefore, the ETH price needs to break the resistance at $4,092 to invalidate the triple-bottom chart pattern.
A move above that resistance will push the ETH price to an all-time high of $4,877 and the key level at $5,000. It needs to rise by just 25% to get to $5,000, which is achievable if the crypto bull run continues.
DTX Exchange: Unprecedented Investment Potential and Groundbreaking Technology
When it comes to DTX Exchange, fairness and utility take center stage. It brings a wide range of assets and up to 1000x leverage. Namely, you can trade crypto, stocks, ETFs, forex, equities, and CFDs. This allows you to diversify your portfolio to your heart’s desire.
So, holders will finally be able to stop juggling multiple platforms while trading. Also, the 1,000x leverage opportunity helps holders to make massive profits. This is possible with both small and large trades!
DTX traders will also be able to trade with incredible speed, as DTX Exchange uses the VulcanX blockchain for transactions. This blockchain can process over 100,000 transactions per second, making it faster than big names like Ethereum and Solana.
Analysts have been going crazy about the DTX Exchange (DTX) public presale. DTX Exchange is a next-gen decentralized trading platform. It spans much beyond the crypto world. Namely, DTX Exchange gives access to stocks, ETFs, forex, and more.
As the presale continues to gain momentum, investors are incredibly drawn to this innovative platform that can redefine how we approach trading as a whole. So, analysts see DTX going to massive highs in 2025 as more people learn about its utility!
Key Takeaways
The spot Ethereum ETF’s huge inflow has caused the ETH price to soar to all-time highs. Analysts expect that $5,000 will be the next target price for Ethereum as whales continue to join the spot Ethereum ETF. Experts predict that the DTX Exchange will rise by an astounding 880%, much like the ETH price did!
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses
