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Despite facing mixed performance immediately following their launch, recent data indicates a surge in net inflows since November 2023. Dennis points to this uptick in institutional interest as a vital factor moving forward, particularly in conjunction with the direct correlation between ETF inflows and Ethereum's price movements.
Price Predictions and Future Outlook
With an optimistic long-term view, Dennis provides a price prediction for Ethereum, targeting a potential valuation of $144,000 by the end of 2025. This projection is based on historical performance metrics and seasonality trends, suggesting that Ethereum could effectively outpace Bitcoin’s growth.