Ether (ETH) is on a roll, surging over 37% in the past week, driven by a crypto-friendly buzz following Donald Trump's election win. Trading at $3,392, ETH is seeing a spike in demand, particularly through spot Ethereum ETFs. Open interest in ETH futures hit a record high, signaling renewed market interest.

Onchain activity is up, with daily active addresses on the Ethereum blockchain increasing by 26%. Spot ETH ETFs saw a massive $295 million inflow, led by Fidelity and BlackRock funds. This uptick in institutional interest could push ETH prices toward $4,000.