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Ethereum (ETH) $15,000 Surge Loom: Wallets and ETFs Fuel Bullish Market 

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  • Ethereum wallet creation hits 130K daily, marking 8-month high.
  • BlackRock’s ETH ETF gains $3B inflows, price targets $15K.
  • Ethereum ETFs see $854M inflows, outpacing Bitcoin ETFs.

Ethereum is making waves in December 2024, with wallet creation hitting 8-month highs and ETF inflows surging. Institutional adoption is driving bullish momentum, as experts predict Ethereum’s price could reach $15K amid growing interest in crypto investments.

Ethereum Wallet Creation Hits 8-Month High in December 2024

Ethereum’s network activity surged in December 2024, driven by increased daily wallet creation, which reached 130,200 new addresses—the highest in eight months. This growth, the strongest since April, is fueled by renewed interest and adoption of the Ethereum blockchain. Analysts attribute this trend to the network’s expansion and its rising market relevance.

The increase in wallet creation coincides with Ethereum’s price approaching $4,000, highlighting a correlation between market activity and adoption. As more addresses emerge, Ethereum’s utility and adoption grow, signaling rising confidence in Ethereum as a leading cryptocurrency.

Institutional Interest in ETH Soars with $3B ETF Inflows

BlackRock’s Ethereum ETF (ETHA) has attracted $3 billion in inflows, underscoring a surge in institutional interest in Ethereum as a key investment asset. This milestone reflects the increasing acceptance of Ethereum-based ETFs in traditional financial markets. Experts predict that this trend could drive Ethereum’s price to $15,000 in the coming months.

The strong inflows point to growing demand for institutional-grade Ethereum products, further solidifying its market position. As confidence in cryptocurrency builds, BlackRock’s success could pave the way for broader adoption of Ethereum-based funds. This trend highlights Ethereum’s rising importance in institutional investment portfolios.

Ethereum ETF Inflows Surge as Bitcoin ETFs Face Slowdown

Ethereum ETFs have experienced increased inflows while Bitcoin ETFs experience a drop in inflows. Grayscale’s Ethereum ETF (ETHE) saw the first positive daily inflow since July 2024 and weekly net inflows of $854.85 million. This shift suggests growing investor interest in Ethereum as a competitive alternative to Bitcoin in the crypto ETF market.

Ethereum Spot ETFs now hold $13.78 billion in total assets and inflows align with the steady increase in the price of the cryptocurrency. As Ethereum’s price nears $4,000, the momentum signals that investors view Ethereum as undervalued and capable of delivering higher returns. This development could strengthen Ethereum’s position in the ETF space.