Ether ETF inflows reach $2.1B in December amid price struggles

Ether (CRYPTO:ETH) exchange-traded funds (ETFs) saw a significant increase in net inflows, reaching a record $2.1 billion in December.

This marked a sharp rise from the previous month’s $1 billion, as reported by Farside Investors.

Despite the robust inflows, Ether’s price has struggled to break the $3,500 resistance level.

As of the latest data, Ether’s price stood at $3,353, marking an 8.4% drop for the month.

This price decline has led some traders to capitalise on the situation.

One trader made over $1.1 million in profit from a 50x leveraged short position on Ether.

The growth in ETF inflows has fueled optimism about Ether’s price prospects for 2025.

Analysts predict a potential rally, with asset management firm VanEck forecasting a price peak of $6,000 for Ether in 2025.

However, Ether faces significant resistance at the $3,500 level, and a break above it could lead to the liquidation of over $1 billion worth of short positions, according to CoinGlass data.

Currently, Ether’s price is 31% lower than its all-time high of $4,800 reached in November 2021.

However, technical analysis suggests that Ether has entered an accumulation phase, which could see the price rise above $4,400 during the first quarter of 2025.

Crypto analyst TMV, in a post on December 28, indicated that the accumulation wave may continue and that a price target of $4,400 is likely.

However, the analyst warned that if the price falls below $2,914, this bullish outlook would be invalidated.

Despite the price struggles, most analysts remain positive about Ether’s price trajectory for early 2025.

At the time of reporting, the Ethereum price was $3,407.07.