- Ethereum ETFs saw a rebound, bringing relief to the 17 million holders in the red.
- ETH will need to step up to stay ahead in the competitive altcoin race.
The New Year buzz is still pretty active now, especially with Bitcoin [BTC] consolidating on the charts. Historically, Q1 has been bullish for the crypto market, typically creating an environment well-suited for altcoins to attract capital.
Meanwhile, Ethereum [ETH] ETFs are gaining traction too, with impressive inflows. In fact, Fidelity’s Ethereum ETF (FETH) saw $83 million in net inflows – A sign that investors may be starting 2025 with a focus on diversification.
While it may be too early to draw firm conclusions, Ethereum’s 1.04% price hike seemed to allude to an emerging trend worth keeping an eye on.
For Ethereum, it’s a long road ahead
Since the “Trump pump,” the market has seen several shifts in momentum. What initially seemed like a strong bull rally, with Bitcoin hitting the $100k milestone at the close of the year, has since tapered off. As a result, the “high risk” sentiment is clearly keeping investors cautious.
Ethereum hasn’t been immune to this shift either. After the initial surge, its price fell back to where it was a month ago, erasing much of its election-induced gains. With around 17 million Ethereum addresses now in the red, the pressure for a rebound is building up.
And yet, amidst the uncertainty, $117 million in net inflows through ETH ETFs brings some much-needed relief.
Source: Farside Investors
This marks a positive sign, particularly after two cons
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Author: Ripley G
