$ETH

As of February 12, 2025, Ethereum (ETH) is trading at approximately $2,624.95, reflecting a slight decrease of 0.0265% from the previous close.

Recent analyses suggest that Ethereum's price trajectory remains a topic of interest among investors. Some experts predict that ETH could reach $10,000 in the current bull run, citing factors such as increased adoption and recent network upgrades.

However, short-term technical analysis indicates potential challenges. After breaking below its downtrend from mid-December highs, Ethereum faced rejection upon retesting this trend line, suggesting a possible deeper pullback toward $2,000 in the coming weeks.

In the derivatives market, there's a notable decline in Ether derivatives netflow, reaching an 18-month low. Analysts view this trend as bullish, as it may lead to reduced selling pressure and the closure of leveraged positions.

Additionally, on February 4, 2025, Ether worth nearly $1 billion was withdrawn from exchanges amid trade war concerns, leading to increased price volatility. The price spiked to nearly $2,900 following a tweet from Eric Trump, who encouraged followers to invest in Ether.

Overall, while Ethereum's long-term prospects appear promising due to ongoing developments and adoption, short-term market dynamics suggest potential volatility. Investors are advised to monitor these trends closely.