According to ChainCatcher and data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the U.S. elections, ETH has still not tested its historical high of around $5000 from 2021.
However, last weekend, the ETH price stabilized around $4000, indicating that it may be set to test a new price range. The rise in ETH prices coincides with a resurgence of market interest in ETH ETFs, which set a record for inflows last week. Institutional investors have shown significant interest in ETH and have expectations for potential gains in 2025.
In addition, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) may further boost market demand, with ETH potentially being a significant beneficiary of this change.
