News 
December 27, 2024 
2 min. 
The market might be down, but institutional interest in crypto is alive and well. This month, Ethereum has stolen the spotlight as BlackRock’s Ethereum ETF has brought in a massive $1.5 billion since November. The 16-day streak of inflows has boosted market sentiment, and many analysts are now eyeing a major New Year rally for Ethereum and other altcoins. With technical indicators aligning and institutional adoption picking up steam, could 2025 be the year Ethereum and its peers hit new heights? Let’s take a closer look.
Ethereum is seeing a surge of renewed optimism. BlackRock’s spot Ethereum ETF has shattered expectations, pulling in $1.5 billion over a record-breaking 16-day streak since November 20. Combined with its earlier $1.7 billion haul since launching in July, it’s clear that investor demand for Ethereum is skyrocketing.
This momentum is being fueled by Ethereum’s post-election rally and growing interest in blockchain technology. After these inflows, Ethereum’s price climbed past $4,000, sparking even more excitement in the market. BlackRock’s U.S. head of thematic ETFs, Jay Jacobs, even described this surge as just the “tip of the iceberg.”
Could Ethereum Break $4,500 in a New Year Rally?
Ethereum’s price has been holding steady above $3,400, and there’s plenty of buzz about a potential New Year rally. Some believe ETH could jump another 30%, driven by growing buying pressure and investors shifting their focus from Bitcoin to Ethereum.
Over the weekend, Ethereum staking saw inflows of 59,000 ETH, while 130,000 ETH flowed out of exchanges—a strong sign of bullish sentiment. Some analysts think Ethereum could repeat its 2021 performance, which saw similar patterns.
