Additionally, BlackRock’s iShares Ethereum Trust recorded a daily inflow of $292 million, highlighting growing investor interest. The Ethereum ETF reported $1.66 billion in inflows in December, accounting for 74% of total inflows since its launch. The price of Ethereum also supports this dynamic, stabilizing at around $3,500 and remaining bullish.

On the other hand, XRP stabilized at higher levels after a sharp price increase in November and December. The Federal Reserve’s interest rate cuts in December led to a rise in the US dollar and thus a fall in cryptocurrencies. However, XRP’s decline was limited, supported by positive developments that strengthened the prospects for the next possible rise.

Bitcoin (BTC) technical analysis.

Bitcoin daily chart – Ascending, widening wedge in target zone

The daily chart for Bitcoin shows that the price has reached the target area of ​​$105,000 and is consolidating around this level. This consolidation has formed an ascending, widening wedge pattern, indicating strong volatility. The price also touched the 50-day SMA at around $94,600 before turning higher again. This reversal occurred within the support zone of the ascending widening wedge. A break above $108,000 could trigger the next upward move, while a break below $90,000 could lead to a deeper correction.