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As investor interest in the largest altcoin Ethereum increases, there are also positive movements in the price.
At this point, analysts predicted that the ETH price could rise above $4,000 amid increased investor interest and more favorable crypto regulations expected in 2025.
Ethereum Price Will Hit $4,000 by January 20!
According to a report by analysts Block Scholes and Bybit Analytics, the Ethereum price is expected to surpass $4,000 by January 20, 2025.
This is happening thanks to increased investor interest and optimism about regulatory changes.
Analysts also said that open interest in Ethereum has increased significantly and has overtaken Bitcoin. Accordingly, ETH has overtaken Bitcoin in open interest with $8.9 billion compared to Bitcoin’s $6.7 billion, indicating strong momentum.
“Investor confidence in Ethereum has increased following the announcement of the departure of US SEC Chairman Gary Gensler on January 20.
So all the data and dynamics could see Ethereum rise above $4,000 on January 20, which is before President-elect Donald Trump takes office.”
Analysts recently drew attention to the increase in ETH futures returns, saying, “Futures with only 1 week maturity are trading approximately 25% above the spot price at an annualized rate. Institutions will sell the futures contract to buy spot in order to pull the spot price to the futures price. This will pull the spot price even higher. This has also happened with BTC before. This may indicate that there will be more institutional inflows into spot Ethereum ETFs, which could significantly increase the ETH price.”
According to analysts, rising ETH futures yields and rising inflows in spot ETH ETFs, which saw $90 million inflows on Nov. 27, further support the bullish trend.
*This is not investment advice.