Happycoin.club - After a decrease of more than 15% following the US Federal Reserve's decision to lower the rate for 2025, Ethereum (ETH) is starting to show signs of recovery. Over the past day, the leading altcoin has risen by more than 5.8%. At the time of writing, Ethereum is trading at $3,473.
The recovery of the altcoin began after large investors seized the opportunity to buy it at a reduced price, expecting it to return to the $4,000 level. For example, the cryptocurrency project World Liberty Finance, associated with Donald Trump, recently purchased 759 ETH for $2.6 million.
Moreover, ETH holders are actively withdrawing their assets from exchanges, indicating the beginning of an accumulation phase.
Analysts from the LookOnChain platform stated that ten recently created wallets collectively withdrew 17,698 ETH from Binance, which at that time was valued at approximately $61.66 million.
Exchange-traded funds based on Ethereum have recorded a net inflow of funds for seven consecutive weeks. According to the latest data, the inflow into ETH-ETFs in December alone amounted to a record $1.6 billion.
Long-term forecasts for Ethereum also remain optimistic. Some analysts expect that next year the cryptocurrency will reach a value of $8,800. Asset management firm VanEck suggests that the peak of the cycle will be $6,000. $BTC