In 2024, Ethereum soared with 75.06% of long-term holders, surpassing Bitcoin’s 62.31%, and saw record ETF inflows of $2 billion in December. With a $10,000 goal in sight and strong support for ETH/BTC, Ethereum’s growth in DeFi and NFT is leading it to become the ultimate crypto powerhouse.
Ethereum’s long-term holders beat Bitcoin by 75% in 2024
According to data from Intotheblock, the amount of long-term holders of ETH closed at 75.06% by the end of 2024. It surpassed long-term holders of Bitcoin of 62.31% during the same period.
This significant increase from 59% in January means more confidence in Ethereum’s potential. On the other hand, Bitcoin has remained relatively consistent in its path although still with ups and downs, showing a more even and less rapid growth in long-term investor behavior.
In mid-2024, ETH rose even higher, which we can expect to be influenced by network upgrades, as well as the increased use of Ethereum in DeFi and NFTs.
The repeatability of this growth shows the gap between the vibrant Ethereum ecosystem and the stable Bitcoin store of value. Bitcoin’s trend has slightly changed its weight as a reliable but somewhat disreputable trade.
This data shows that institutional and retail investors are moving away from Bitcoin and into Ethereum.
– Advertisement –
It continues to attract long-term commitments due to its innovative features and scalable ecosystem. Bitcoin still dominates the market, but Ethereum’s rapid adoption suggests that competition in the cryptocurrency market is no longer about winning, but about keeping up.
Ethereum ETFs see record inflows of $2 billion in December
The year ended in what is often referred to as a ‘hockey stick’ moment, with a staggering $2 billion inflow into Ethereum-focused ETFs in December, gauging the growing appetite for regulated crypto investments.
ETH inflows peaked on December 9th and 16th, with FETH raising more than $600 million during those periods of high activity. In total, other ETFs were added, such as ETH, ETHA, and some small funds, e.g. CETH.
This signals a jump in traders’ belief that Ethereum-focused ETFs are an effective way to take advantage of the cryptocurrency without holding it directly.
These vehicles are used by institutional and retail participants as they take advantage of the growing use of Ethereum for DeFi, NFTs and other blockchain use cases.
In fact, despite external uncertainties, consistent inflows throughout December underscored market enthusiasm that remained firm.
Adoption of Ethereum in the investment space has grown and established itself as a major player in crypto institutional strategies as it reached the $2 billion milestone.
Steady inflows across all major ETFs confirm sustained demand, marking a watershed moment for Ethereum as the foundation of regulated crypto-finance. This development may make Ethereum ETFs essential instruments for market growth in the future.
Ethereum Targets $10,000 in 2025: Growth Ahead
With growing momentum and strong technicals, Ethereum is predicted to reach $10,000 in the next 8-12 months.
Analysts point to a long-term channel that has kept Ethereum in the area of good support. If it breaks above the “All Weather Resistance” zone, it could lead to great upside potential for the asset.
Ethereum’s scalability upgrades, its growing status in DeFi and NFTs, and strong institutional interest show why you can’t ignore this bullish sentiment in this cryptocurrency class.
Although phases of consolidation will occur, the slope remains upward, based on strong network development. Resistance levels and breakout signals will be important after this bullish scenario.
The $10,000 target illustrates Ethereum as a cryptocurrency that has become a cornerstone of the cryptocurrency market. The ambition is supported by various use cases and a multitude of investors who believe in the aggregator’s potential.
Support for ETH/BTC is strong, a reversal is in sight
Finally, the ETH/BTC pair tested the strong support zone three times and closed higher; it appears that we may have a major support zone as a critical level.
The continued defense of this position has created the conditions for a possible reversal, as the pair is focused on breaking its downtrend line.
If there is a break, it could be a big sign of momentum movement and upward movement in the case of ETHBTC, turning the bearish trend into a bullish one.
Ethereum’s combination of strong support and volume-driven breakout makes it an important inflection point against Bitcoin.
If ETH achieves a successful reversal, it will represent a gradual strengthening of Ethereum’s current positive trend compared to Ethereum’s solid market performance thus far.
