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Spot Ethereum exchange-traded funds broke a crucial record as their inflows continued rising. 
Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) ETFs have had inflows in the last 16 consecutive days, breaking a personal record. The net inflow on Friday, Dec. 14 stood at over $23.6 million, bringing the total amount since inception to over $2.26 billion. 
According to SoSoValue, all spot Ethereum ETFs hold over $13.7 billion in assets. The Grayscale Ethereum ETF is still the biggest with over $5.6 billion. 
 It is followed by iShares Ethereum Trust ETF, Fidelity Ethereum Fund, Bitwise Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.&nbsp; 
One reason for the inflows is the rising hope that the U.S. Securities and Exchange Commission will allow staking. Such a move would mean that ETF holders will benefit as the coin’s price rises and from the staking reward. Data <a href="https://www.stakingrewards.com/asset/ethereum-2-0" target="_blank" rel="nofollow">by StakingRewards</a> shows that the staking yield stands at 3.26%. 
These inflows have happened at a time when Ethereum is doing well. Its price is hovering near $4,000, and is just 25% below its all-time high of $4,870. It has jumped by 153% from its 2023 lows. 
On-chain metrics are also encouraging. Data by <a href="https://app.intotheblock.com/coin/ETH/deep-dive?group=exchanges&amp;subgroup=on-chain-flows&amp;chart=all" target="_blank" rel="nofollow">IntoTheBlock</a> shows that the number of active ETH addresses has risen to over 122.7 million, the highest level in months. 
 You might also like: <a rel="" href="https://crypto.news/trumps-world-liberty-financial-bags-55m-in-eth-holding-sparks-positivity-for-sol-and-lnex/"> Trump’s World Liberty Financial bags $55M in ETH holding; sparks positivity for SOL and LNEX&nbsp; </a> 
More data shows that Ethereum whales are gaining market share. Whales holds about 43% of all Ethereum coins, higher than about 22% in November, a sign that they are optimistic about the coin.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/12/Ethereum-Whales.png" alt="Ethereum whales" class="wp-image-14319433">
 <figcaption class="wp-element-caption">
 ETH whales | Source: <a href="https://app.intotheblock.com/coin/ETH/deep-dive?group=exchanges&amp;subgroup=on-chain-flows&amp;chart=all" target="_blank" rel="nofollow">IntoTheBlock</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="ethereum-price-analysis-can-eth-hit-5-000">Ethereum price analysis: can ETH hit $5,000?</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/12/Ethereum-price.png" alt="Ethereum price" class="wp-image-14319432">
 <figcaption class="wp-element-caption">
 ETH price chart | source: <a href="https://crypto.news/price/ethereum/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
In a recent note, <a href="https://x.com/cryptoquant_com/status/1867651896317784461" target="_blank" rel="nofollow">CryptoQuant predicted</a> that the ETH price was on a path to $5,000, citing the demand and supply dynamics.&nbsp; 
On the weekly chart, we see that the ETH price has risen and found a strong barrier at $4,092. It has failed to cross that level two times before — in March and May. 
Ether has remained above the 50-week and 200-week moving averages and the 23.6% Fibonacci Retracement level. Therefore, ETH needs to break the resistance at $4,092 to invalidate the triple-bottom chart pattern.&nbsp; 
A move above that resistance will push it to the all-time high of $4,877 and the key level at $5,000. It needs to rise by just 25% to get to $5,000, which is achievable if the crypto bull run continues. 
 Read more: <a rel="" href="https://crypto.news/can-shiba-inu-price-really-soar-1-as-burn-rate-jumps/"> Can Shiba Inu price really soar to $1 as burn rate jumps? </a>

Spot Ethereum ETFs break a key record: can ETH price hit $5k?

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