Ethereum Ethereum/USD Stocks surged on Friday on the back of strong ETF inflows and call options data.
| cryptocurrency | price | Market value | 24 hour trend | 7 day trend |
| Ethereum Ethereum/USD | $3,577.05 | $431.1 billion | +4.3% | +7.3% |
| Bitcoin Bitcoin/USD | $98,100.82 USD | $1.94 trillion | +1.8% | +4.4% |
| Ripple Ripple/USD | $2.45 | $140.8 billion | +3% | +13.5% |
Note to traders: Cryptocurrency trader CJ predicts that Ethereum will hit a high around $3,555, with the possibility of rejection near $3,640 to $3,650 if it enters supply territory.
Alternatively, a drop to $3,000 could provide an attractive buying opportunity and potentially a new all-time high.
Currently, CJ is eyeing the mid-level of ETH, waiting for it to approach key levels.
Another trader Cold-blooded Shearer believes that Ethereum is “preparing for an upward breakout,” indicating that the bullish momentum is about to turn.
Daan Crypto Trades highlighted the competitive quarter between Ethereum and Bitcoin, noting that ETH has the potential to outperform.
If Ethereum takes the lead, it could boost the broader altcoin market and undermine Bitcoin’s dominance.
This shift could bring more attention and capital to altcoins, fueling further growth across the cryptocurrency space.
The trader believes now is a good time to observe a key momentum shift in ETH, as it could set the tone for the rest of the first quarter.
Statistics: IntoTheBlock data shows that Ethereum’s large transaction volume expanded by 25.2%, with transactions exceeding $100,000 increasing from 4,874 to 6,567 in a single day.
With the recent price increase, 87% of ETH holders are currently in profit.
Coinglass data shows that open interest in Ethereum increased by 7.2% to $25.96 billion, while derivatives trading volume increased by 2.6% to $27.7 billion.
Spot Ethereum ETF: December 2024 was a record month for net inflows, accumulating more than $2.08 billion, nearly double November’s net inflows of $1 billion.
BlackRock ETHA funds and Fidelity’s Fez funds led the way, attracting US$1.4 billion and US$752 million respectively.
Options market: Deribit data shows that 1.3 million Ethereum option contracts worth $453 million expire today, with a put-to-call ratio of 0.33, indicating that most traders are betting on rising prices.
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