Experts: Ethereum Could Reach All-Time Highs This Year

ETH Futures Market Betting Situation·US ETF Net Inflow Pointed Out
Buterin Reclaims Billionaire Title with ETH Breaking $4000

As Ethereum (ETH) recorded approximately 7% growth over the weekend, experts predicted that Ethereum would break its all-time high based on futures market betting situation and net inflow of ETFs in the United States. Ethereum's all-time high was recorded at $4,878 in November 2021.

According to on-chain analysis platform CoinGlass, when Ethereum breaks $4,500, approximately $1.35 billion (about 1.88 trillion won) of short positions in the futures market will be liquidated. This volume is expected to directly lead to Ethereum purchases, potentially breaking its all-time high.

On-chain analysis platform Ackam Intelligence reported that the net inflow of Ethereum spot ETFs in the United States reached $461 million (about 641 billion won) on the 8th. This is about twice the Bitcoin spot ETF's $253.2 million (about 352 billion won) on the same day.

Meanwhile, when Ethereum broke $4,000 on the 10th, Vitalik Buterin, the founder of Ethereum, reclaimed his billionaire title.

Ackam Intelligence reported in a report released on the 10th that Buterin owns approximately 240,420 Ethereum, with his assets surpassing $1.04 billion.

Reporter Seung-won Kwon ksw@blockstreet.co.kr