Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
Will the inflow of Ethereum ETF prevent the further decline of ETH price?
The selling pressure on ETH prices continues, with analysts predicting that ETH prices will fall below $3,000 before the altcoin reverses its upward trend. After being rejected at $4,000, Ethereum has been trending sharply downwards, with a pullback of over 17% in ten days. On the other hand, the inflow of funds into the spot Ethereum ETF has accelerated, indicating that institutional demand for this asset class remains unchanged.
How low will the ETH price drop to?
After being rejected at $4,000 last week, Ethereum has retraced more than 17%. Today, the Ethereum price is hovering around $3,350, with no bullish catalyst at the moment. Therefore, analysts believe that the ETH price may further decline before resuming its upward trend.
According to the analysis shared by The Moon Show, Ethereum (ETH) appears to be breaking out of a symmetrical triangle pattern. This technical breakdown indicates a potential downside target of $2,920.
"Yes, we have seen a Christmas rebound, but with low trading volume driven mainly by retail activity," Bennett observed, indicating limited confidence behind the recent rise. Analysts believe that Ethereum may further decline, while it is expected to bottom out in early 2025. On the other hand, analysts also expect the price of Bitcoin to fall to $80,000, in which case Ethereum could also retract to $2,500."
Will the inflow of Ethereum ETF prevent the decline?
Although the price of ETH has been declining, the inflow of Ethereum ETFs in the spot market has resumed this week. In the past three trading days, the total inflow of Ethereum ETFs has exceeded 300 million US dollars.
On Thursday, the total inflow was $117 million, with Fidelity Ethereum ETF (FETH) recording an inflow of $83 million and BlackRock's ETHA recording an inflow of $28 million. According to data from Farside Investors, the total inflow of ETHA has exceeded $3.5 billion since its inception, while the total inflow of all Ethereum ETFs has now exceeded $2.6 billion. This indicates that despite recent price fluctuations, institutional demand for Ethereum remains strong.