Overview
- Ethereum trades around $3,100 as reports show roughly $364 million in spot ETH ETF net outflows over three days.
- VanEck’s $300 figure stems from a long-term stress-test scenario first published in 2024 and resurfaced after the firm’s viral Bitcoin outlook.
- Fundstrat’s Tom Lee projects $7,000–$9,000 by the end of January, citing institutional adoption and historical ETH-to-Bitcoin relationships.
- Technical levels highlight compressed conditions, with downside risk below about $2,800 and potential toward $3,900 on a break above roughly $3,400.
- Commentary remains divided over methodology, with some endorsing VanEck’s base and bull cases and others criticizing the wide outcome range.