Analysis: The price trend of ETH is similar to the bottom in late August last year, with multiple indicators showing bullish signals
ChainCatcher news, according to CoinDesk, the current price trend of Ethereum (ETH) is similar to when it bottomed out last August, suggesting that a new round of increases may be on the horizon. Data shows that ETH has fallen 32% to $2,770 since mid-December 2024, significantly lagging behind Bitcoin's performance.Jake Ostrovskis, an over-the-counter trader at cryptocurrency market maker Wintermute, stated that despite market volatility over the weekend causing some funds to be liquidated, the demand for ETH in the over-the-counter market remains strong. Data indicates that net inflows into U.S. spot ETH ETFs reached $420 million this week, accounting for approximately 13% of the total inflows of $3.18 billion since their launch.In the options market, Deribit exchange has seen large bullish options trades, including a combination of call options with a strike price of $3,500 and a strike price of $5,000, expiring on December 26, 2025, indicating that investors are optimistic about ETH breaking through $5,000 by the end of the year.