Ethereum Diamond Hands Shine Brighter: $10K Next?

In 2024, Ethereum soared with 75.06% long-term holders, surpassing Bitcoin’s 62.31%, and saw record $2B ETF inflows in December. With a $10K target in sight and ETH/BTC support holding strong, Ethereum’s DeFi and NFT growth is driving it toward becoming the ultimate crypto powerhouse.

Ethereum’s Long Term Holders beat Bitcoin with 75% in 2024

According to Intotheblock data, the ETH long-term holders amount concluded at 75.06% by the end of 2024. It exceeded Bitcoin long-term holders of 62.31% during the same period.

This marked increase from 59% in January means more confidence in Ethereum’s potential. On the other hand, Bitcoin remained relatively consistent in its path though still with ups and downs, showing more even and less rapid growth of long-term investor behavior.

In mid-2024, ETH rose even more, which we can expect was affected by network upgrades as well as increased Ethereum usage in DeFi and NFTs.

The repetitiveness of this growth demonstrates the gulf between a vibrant Ethereum ecosystem and a stable Bitcoin store of value. Bitcoin’s trend did little to change its weighing as a reliable but somewhat lackluster trade.

This data shows that institutional and retail investors are moving away from Bitcoin into Ethereum.

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It still attracts long-term commitments because of its innovative features and scalable ecosystem. Bitcoin still dominates the market but Ethereum’s rapid adoption suggests that competition in the cryptocurrency market no longer lies in winning but in not falling behind.

Ethereum ETFs See Record $2 Billion Inflows in December

The year ended with the often called ‘hockey stick’ moment, with an incredible $2 billion inflowing into Ethereum-focused ETFs in December, measuring the growing appetite for regulated crypto investments.

The ETH peaked inflows were on December 9 and December 16, given that FETH raised in excess of $600 million in these periods of high activity. The total was also added by other ETFs, such as ETH, ETHA, and some small funds, e.g, CETH.

It signals a spike in trader conviction that Ethereum-focused ETFs are an effective way to take advantage of cryptocurrency without holding it directly.

These vehicles are being used by institutional and retail participants as they take advantage of the increasing use of Ethereum for DeFi, NFTs, and other blockchain use cases.

In fact, despite external uncertainties, consistent inflows throughout December underscored the market enthusiasm that’s held firm.

Ethereum’s acceptance in the investment space has increased and has placed itself as a major player in crypto institutional strategies as it hits the $2 billion milestone.

Steady inflows across all major ETFs are confirming sustained demand, which represents a watershed moment for Ethereum as a bedrock of regulated crypto finance. This development can make Ethereum ETFs essential instruments in market growth in the future.

Ethereum Targets $10K in 2025: Bullish Momentum Ahead

Riding on growing momentum and strong technicals, Ethereum is projected to hit $10,000 in the next 8–12 months.

Analysts point out a long-term channel that has kept Ethereum in a good support territory. If it breaks above the zones of “All time resistance,” then that could lead to big growth potential for the asset.

The scalability upgrades in Ethereum, its rising status in DeFi and NFTs and high institutional interest demonstrate why you can’t overlook this bullish sentiment in this class of cryptocurrency.

Although phases of consolidation will take place, the slope remains up, based on strong network development. Resistance levels and breakout signals are going to be important following this bullish scenario.

The $10,000 target illustrates Ethereum as the cryptocurrency that has become the cornerstone of the cryptocurrency market. The ambition is supported by its diverse use cases and panoply of investors confident in the aggregator’s potential.

ETH/BTC Support Holds Strong, Reversal in Sight

Finally, the ETH/BTC pair has tested a strong support zone three times and closed higher; it appears we might have the main support zone as a critical level.

An ongoing defense of this stance has bred conditions for a possible turn around, as the pair has its sights set on breaking through its downward trendline.

If a break happens, it could be a big sign of momentum moving, and moving upwards in the case of ETHBTC, turning the bearish trend around into a bullish trend.

Ethereum’s combination of robust support and volume-driven breakout makes it an important inflection point against Bitcoin.

Should ETH pull off a successful reversal, it will represent the gradual strength in Ethereum’s current positive trend compared with Ethereum’s solid market performance so far.