ETH once broke $4,100 to create the highest point in 3 years! Analysts: Expected to break $5,000 next year, with Ethereum ETF's open staking being key.

Analysts believe that for Ethereum to achieve the next stage of growth, a key factor is to improve regulatory transparency regarding Ethereum, especially in terms of staking regulation classification. At the same time, if the growth of Ethereum's supply can continue to slow down, a new historical high for ETH will soon be realized, potentially rising to over $5,000 next year. (Background: Goldman Sachs: Will consider trading Bitcoin and Ethereum if US regulations change) (Background supplement: Is Ethereum doomed? Solana's Raydium trading volume has surpassed Uniswap for two consecutive months, with ETH's ecosystem seeing a net outflow of $1.2 billion in a single month). As Bitcoin once again set a historical high of $107,000, Ethereum simultaneously peaked at $4,108, marking its highest point in nearly three years (the historical high for ETH was $4,871 set in October 2021). However, selling pressure soon emerged, and at the time of writing, it has fallen back to $3,989, slightly up 0.12% in the last 24 hours. The Ethereum-to-Bitcoin exchange rate rose to 0.03747. According to TradingView data, the current ETH/BTC exchange rate has increased from the low of 0.03747 on November 21, rising 10.55% over the past month. Analysts: For ETH to rise further, clarity on staking regulation classification must improve. We know that after Trump won the US election last month, Bitcoin has set multiple historical highs, and several established altcoins, including SOL and XRP, have also continuously refreshed their historical highs. However, as the second-largest cryptocurrency, Ethereum is still about 20% away from its historical high. Regarding the driving force behind Ethereum's rise, BIT Mining's chief economist Youwei Yang recently stated that a key factor for achieving the next stage of growth is to improve regulatory transparency regarding Ethereum, especially in staking regulation classification: Currently, Ethereum spot ETFs are not allowed to stake the ETH they invest in, which was a concession made by issuers due to regulatory uncertainty. With Trump's return, people are optimistically believing that after his inauguration, there will be clear guidance on cryptocurrency regulations, including aspects of Ethereum staking. This could pave the way for institutional and traditional financial participants to adopt Ethereum, enhancing ETH's attractiveness as a long-term asset capable of generating returns. CryptoQuant: ETH will break $5,000 next year. Additionally, CryptoQuant analysts recently pointed out that although the total supply of ETH is at its highest level since April 2023, the amount of Ethereum burned through transaction fees has been on an upward trend since September, indicating that the growth of Ethereum's supply is still tending to flatten. They believe that if this supply-demand dynamic can continue, CryptoQuant expects ETH will soon reach a new historical high and rise to over $5,000 next year. Related reports: Ethereum bullish signals: Spot ETFs have seen net inflows for 10 consecutive days, ETH whales are re-entering the market; experts say institutions are just beginning to show interest; Vitalik Buterin interviewed in Chinese: reminiscing about Ethereum's story in China, cultural differences between ETH and BTC, the Russia-Ukraine war changed me... Uniswap Ethereum L2 monthly trading volume hits a historical high; analysts say DeFi demand is returning, UNI rises over 35% in a week.