In a recent analysis, top trader Eugene Ng Ah Sio highlighted the longstanding institutional interest in Ethereum (ETH), particularly following significant market shifts. Since the election of Donald Trump, there has been a noted reversal of fund flows into ETH exchange-traded funds (ETFs), indicating a growing confidence among institutional investors. As ETH begins to exhibit stronger relative performance against Bitcoin (BTC), this trend is projected to persist, fueled by enhancements within the broader ETH ecosystem.
On December 29th, Ng released his market outlook for early 2025, asserting that the energy from the recent presidential election would catalyze sustained bullish momentum. He anticipates that while some digital assets will outperform others, Ethereum is poised to be the standout performer in the upcoming quarter. The suggestion of Ethereum maintaining its upward trajectory reflects broader trends in the cryptocurrency market, suggesting a strategic opportunity for investors seeking to capitalize on evolving asset performances.