According to a report from analysts Block Scholes and Bybit Analytics, the price of Ethereum ($ETH ) will be able to overcome the $4,000 mark before the inauguration of Donald Trump. The ceremony is scheduled for January 20, 2025.
Among the catalysts for further growth of the leading altcoin, experts named a decrease in open interest in Bitcoin and a "thoughtful redistribution" of crypto investors' assets.
Open interest in Bitcoin and Ethereum
According to analysts, Ethereum has surpassed Bitcoin in the number of open contracts: $6.7 billion for BTC versus $8.9 billion for ETH.
Over the past year, the price of Ethereum has lagged behind the price of Bitcoin, but in the short term, this difference is starting to narrow. Over the past month, ETH has outperformed BTC, with Ethereum up more than 34% and Bitcoin up more than 31%.
