The post 5 Reasons Ethereum Price Can Jump 20% By Jan. 1 appeared on BitcoinEthereumNews.com.
Ethereum’s price is still struggling to find direction as profit-taking and weak sentiment in the crypto industry continue. Still, fundamentals like rising spot ETH ETF inflows and negative exchange net flows and technicals like the MVRV indicator point to a potential rebound by January 1. Bullish Catalysts For Ethereum Price There are several reasons why Ethereum price will likely rebound by at least 20% in the next few days before the year ends. Spot Ethereum ETFs are seeing more investor interest. Data shows that crypto exchanges are seeing Ethereum outflows. Q1 is Ethereum’s best quarter of the year. Ether’s MVRV ratio has dropped to 1.8%. Ether has strong technicals. 1. Spot Ethereum ETFs Are Seeing Inflows Data by SoSoValue shows that spot Ethereum ETFs added over $130 million in assets on Monday, even as the coin retreated. These inflows partially helped offset the outflows experienced in the previous two days. Monday’s inflows brought the total inflows to over $2.46 billion, bringing the total assets to $12 billion. 2. ETH Exchange Outflows Are Rising Data by IntoTheBlock shows that outflows from exchanges are rising, a sign that investors are accumulating the coin. The number shows that the aggregated exchange netflow dropped to 49,6k ETH, the lowest level since December 19. More accumulation could support Ethereum price recovery. Ethereum Exchange Netflow 3. Q1 Is Ethereum’s Best Quarter The other reason why the ETH price may rebound is that the first quarter is usually its best period of the year. ETH rose by 60% in Q1 of this year after soaring by 52% in the same period in 2023. Its average performance in Q1 in the last eight years was 92.75%. Therefore, there is a likelihood that the coin will rise in this anticipation. ETH quarterly performance 4. ETH Price MVRV Indicator Is…