Ethereum Price Outlook: Institutional Shifts Fueling the Current Trend

What’s driving Ethereum’s price trajectory as we head into December? A complex interplay of forces is at play, including rising ETF inflows, decreasing leveraged positions, and growing institutional holdings. These trends are clashing with bearish price movements, prompting a cautious watch among traders. 2023 saw a notable shift in Ethereum ETFs with withdrawals occurring early November, followed by strong re-entries by major institutions. This has signaled a potential turnaround for the asset class.