Despite the holiday season's insufficient Liquidity, the Ethereum exchange-traded fund (ETF) still set a new monthly record in December, enhancing analysts' expectations for the upcoming Rebound.

The United States spot Ethereum ETH exchange traded fund (ETF) set a new monthly record, with a total net inflow of over 21 billion US dollars in December.

Farside Investors data shows that the inflow of $2.1 billion in December is nearly twice that of November, when the cumulative net inflow of ETH ETF just exceeded $1 billion.

According to Cointelegraph, the ETH ETF accumulated net inflows of over $2.5 billion on December 24, five months after its first trading on July 23, 2024.

Despite record inflows, Ether is still unable to shake off the current downward trend. According to data from Cointelegraph Markets Pro, the price of Ether fell 8.4% on the monthly chart, with a trading price of $3,353 as of 9:54 AM UTC time.

However, some traders are profiting from the downward trend of Ethereum. A savvy cryptocurrency trader made a profit of over $1.1 million within just 2 days after shorting Ethereum with a 50x leverage position, effectively betting on the price of Ethereum to fall.

The increasing influx of ETFs is an optimistic signal for the price trend of Ethereum next year, further supporting the prediction of asset management giant VanEck, which expects the ETH cycle top in 2025 to reach $6,000.

Despite accumulating $1 billion in short positions, can Ethereum break through $35,000?

The price level of $3,500 continues to be an important resistance level for the world's second largest cryptocurrency.

CoinGlass data shows that Ether may rise to over $3,500, which will liquidate all leveraged short positions of crypto exchanges worth over $1 billion.

At the time of writing this article, the price of Ether is down 31% from its all-time high of over $4,800 set on November 16, 2021.

According to the technical chart pattern, Ether has entered an accumulation wave, which may help ETH price exceed $4,400 in the first quarter of 2025, as noted by the renowned cryptocurrency analyst TMV in a post on December 28th.

"The 5th wave of accumulation is happening. Even if it sweeps again, I will buy. Heavyweight target $4,400."

However, analysts warn that a correction below $2,914 would invalidate the accumulated wave theory.

Most cryptocurrency analysts remain optimistic about the price trend of Ether in the first half of 2025.

Before President Donald Trump was elected on January 20th, the price of Ethereum may rise to over $4,000.