Growing investor interest and hopes for easing regulation are setting the stage for Ethereum to rally above $4,000 before Donald Trump's inauguration. Block Scholes and Bybit Analytics came to this conclusion.
Analysts have drawn attention to the increase of VISA open-ended contracts for the second largest cryptocurrency by capitalization on Bybit ($8.9 billion) higher than the similar indicator for Bitcoin ($6.7 billion).
According to them, this is the result of "thoughtful repositioning" and not mass liquidations.
The change in sentiment came after the current SEC head Gary Gensler announced his departure by January 20, experts said.
Over the past month, Ethereum has outperformed Bitcoin in terms of growth rate, 34% versus 31%.
