Ethereum's momentum is supported by positive developments, including the SEC's approval of the first Bitcoin-Ethereum ETF and the expected inclusion of staking benefits in Ether ETFs. These factors have strengthened Ethereum's appeal as a top choice for institutional investors.

Moreover, BlackRock's iShares Ethereum Trust recorded a single-day inflow of $292 million, highlighting growing investor interest. Ethereum ETF reported $1.66 billion in inflows for December, accounting for 74% of total inflows since inception. Ethereum's price also supports this momentum, stabilizing around $3,500 and remains bullish.

On the other hand, XRP stabilized at higher levels after a strong price surge in November and December. The Federal Reserve's rate cuts in December led to a surge in the US dollar, causing a decline in cryptocurrencies. However, XRP's decline was limited, supported by positive developments that strengthened its outlook for the next potential surge.

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