TechFlow news, according to CoinDesk, Ethereum's (ETH) current price trend resembles that of August last year when it hit bottom, suggesting a new rally could be on the horizon. Data shows ETH has fallen 32% since mid-December 2024 to $2,770, significantly underperforming Bitcoin.
Jake Ostrovskis, an OTC trader at cryptocurrency market maker Wintermute, said despite weekend market volatility causing some funds to be liquidated, OTC demand for ETH remains strong. Data indicates U.S. spot ETH ETFs saw net inflows of $420 million this week, accounting for about 13% of the total $31.8 billion in inflows since launch.
In the options market, large bullish option trades have emerged on Deribit exchange, including buying call options with a strike price of $3,500 and selling calls at $5,000, with an expiration date of December 26, 2025—indicating investors are optimistic about ETH surpassing $5,000 by year-end 2025.
