As Bitcoin once again hit a historic high of $107,000, Ethereum simultaneously reached a peak of $4,108, marking its highest point in nearly three years (the historical high for ETH was $4,871, achieved in October 2021). However, selling pressure soon emerged, and it has since fallen back to $3,989, with a slight increase of 0.12% over the past 24 hours.

The Ethereum to Bitcoin exchange rate rises to 0.03747.

According to TradingView data, the current ETH/BTC exchange rate has risen from a low of 0.03747 on November 21, marking a 10.55% increase over the past month.

Analyst: For ETH to rise further, clarity in staking classification regulation needs to be improved.

We know that after Trump won the U.S. election last month, Bitcoin set multiple historic highs, while several established altcoins, including SOL and XRP, also refreshed their historical peaks. However, as the second-largest cryptocurrency, Ethereum still has about 20% room for growth to reach its historical high.

Regarding the upward momentum of Ethereum, BIT Mining's Chief Economist Youwei Yang recently stated that a key factor for achieving the next phase of growth is to improve regulatory transparency for Ethereum, especially in the classification of staking regulation.

Currently, the Ethereum spot ETF has not been allowed to stake its invested ETH, which was a concession made by the issuer due to regulatory uncertainty at the time.

With Trump's return, people are optimistic that after his inauguration, he will provide clear guidance on cryptocurrency regulation, including aspects of Ethereum staking. This could pave the way for institutional and traditional financial participants to adopt Ethereum, enhancing its appeal 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 the rise since September, indicating that the supply growth of Ethereum is still stabilizing.

He believes that if this supply-demand dynamic can continue, CryptoQuant expects ETH to soon reach a historical high and rise above $5,000 next year.