2024 is Favourable Information for Cryptocurrency, new Token has gained huge profits alongside BTC and ETH. While BTC successfully set a new high above 108,000 US dollars, ETH failed to maintain above 4000 US dollars. Meanwhile, the weak Rebound trend of ETH price has not disappointed market participants, as they continue to have confidence in the second largest Token. Therefore, the price is expected to pump strongly again in the next few days, possibly rising above 5000 US dollars soon.

In addition, major moves in the spot ETF space have been recorded, as BlackRock's ETH holdings now exceed 1 million ETH, worth over $3.6 billion. These institutions are accumulating millions of ETH every day, while on the other hand, whales have also accumulated a large amount of ETH in the recent downturn. It has been reported that Ethereum whales have accumulated over $77 million worth of ETH, suggesting that the token may pump in 2025.

The increase in accumulation during the recent downturn indicates bullish trading strategies, with a continued positive outlook on ETH, albeit cautiously. Traders have not openly supported Token by introducing the required liquidity, but have ultimately kept prices above key support areas. This suggests that the bulls remain vigilant and may regain dominance soon; this could not only trigger a favorable rebound for ETH but also a boom for altcoins.

What are the expectations for the Q1 2025 ETH price rebound?

From a historical perspective, ETH prices always see significant gains in the first few weeks of the year, so it can be expected that there is a greater possibility of another bull market in the coming weeks. On the other hand, BTC's dominance always declines in the first few days of January, which has triggered a favourable information pump in ETH prices. Currently, the price seems to have reached the end of consolidation, so a strong rebound may come soon.