The growing interest of investors and hopes for regulatory easing create the conditions for an Ethereum rally above $4000 before Donald Trump's inauguration. This conclusion was reached by Block Scholes and Bybit Analytics.

Analysts noted the increase in open interest for perpetual contracts on the second largest cryptocurrency on Bybit ($8.9 billion) above the similar indicator for Bitcoin ($6.7 billion).

In their opinion, this is the result of "thoughtful repositioning," rather than mass liquidations.