Ethereum ETF (ETHW) Hits New 52-Week High

For investors seeking momentum, Bitwise Ethereum ETF ETHW is probably on the radar. The fund just hit a 52-week high and is up 187.9% from its 52-week low price of $10.42/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:

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Learn More Powered by Money.com - Yahoo may earn commission from the links above. ###ETHW in Focus

The underlying CME CF Ether-Dollar Reference Rate - New York Variant seeks to reflect the performance of ether in U.S. dollars. The product charges 60 bps in annual fees (See all Digital Economy ETFs here).

###Why the Move?

Ethereum prices have gained lately, driven by strong institutional interest, ETF inflows, and supportive legislation like the GENIUS and CLARITY Acts. Analysts project ETH could hit $4,800 by late 2025 and potentially surpass $5,500 in early 2026, supported by growing DeFi dominance, corporate investments, and increasing derivatives market activity.

###More Gains Ahead?

ETHW might continue its strong performance in the near term, with a positive weighted alpha of 84.92 (as per Barchart.com), which gives cues of a further rally.

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This article originally published on Zacks Investment Research (zacks.com).

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