Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Big Investors Are Buying Up Ethereum. Will It Rise To $5000 By 2025?

Big Investors Are Buying Up Ethereum. Will It Rise To $5000 By 2025?

HappyCoinNewsHappyCoinNews2024/12/21 21:33
By:HappyCoinNews

After falling more than 15% following the US Federal Reserve's decision to cut rates for 2025 эфириум (ETH) is starting to show signs of recovery. Over the past 24 hours, the leading Altcoyin has risen in price by more than 5,8%. At the time of writing, эфириум trading at $3.

The altcoin's recovery began after major investors took advantage of the opportunity to buy it at a discounted price, expecting it to return to the $4000 level. For example, the Donald Trump-linked crypto project World Liberty Finance recently acquired 759 ETH for $2,6 million.

In addition, ETH holders are actively withdrawing their assets from exchanges, which indicates the beginning of the accumulation phase.

Big Investors Are Buying Up Ethereum. Will It Rise To $5000 By 2025? image 0

Analysts at the LookOnChain platform said that ten recently created wallets collectively withdrew Binance 17 ETH, which was valued at approximately $698 million at the time.

Ethereum-based exchange-traded funds have seen net inflows for seven weeks in a row. According to the latest data, ETH- ETF amounted to a record $1,6 billion.

Long-term forecasts for Ethereum also remain optimistic. Some analysts expect that next year kriptovalyuta will reach $8800. Asset manager VanEck expects the cycle to peak at $6000.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Announcement of Bitget spot bot on adding 2 new trading pairs

We are pleased to announce that Bitget spot bot has now added: KOMA/USDT, AIXBT/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest a

Bitget Announcement2024/12/23 08:19