A well-known crypto analyst, Pentoshi, predicts a significant price surge for Ethereum (ETH). He believes ETH is on the verge of hitting new all-time highs, potentially exceeding its previous peak.
ETF Fueling the Rise?
Pentoshi points to the increasing demand for spot Ethereum exchange-traded funds (ETFs) as a major catalyst. He highlights substantial inflows into ETH ETFs in recent days, totaling hundreds of millions of dollars. He suggests this growing demand, coupled with the accelerating pace of ETF adoption, could quickly propel ETH to new heights.
Outperforming the Competition
The analyst also notes that ETH is quietly outperforming Bitcoin (BTC) and Solana (SOL), suggesting a shift in market sentiment. He believes this under-the-radar performance could be about to explode into the mainstream.
The Numbers
Pentoshi shared the following ETF inflow data:
- December 5th: $429 million
- December 4th: $167.7 million
- December 3rd: $132.6 million
- December 2nd: $24.2 million
- November 29th: $332.9 million
He emphasizes that these inflows are significantly higher than previous months, suggesting a powerful trend is underway.
Current Price and Future Outlook
At the time of writing, ETH is trading at around $4,015, a 5.1% increase in the last 24 hours. Pentoshi believes the current momentum could easily push ETH past its previous all-time high of approximately $4,900.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always conduct thorough research before making any investment decisions./p>
