4 Reasons to Buy Ethereum While It's Under $4,000

1. The New ETFs

Bitcoin, of course, has had spot exchange-traded funds (ETFs) since January. And the introduction of this new investment product has arguably been one of the most important crypto narratives of 2024. But there's a new twist to that narrative. At the end of May, the Securities and Exchange Commission (SEC) finally approved new spot ETFs for Ethereum.

2. Ethereum as the Market Leader

Ethereum continues to be the clear market leader in every important blockchain sector. Take decentralized finance (DeFi), for example, where Ethereum still accounts for more than 60% of all total value locked (TVL) in the blockchain world. No other blockchain even comes close. So we can start to downplay any notion that a challenger such as Solana (SOL -2.08%), Cardano (ADA 1.78%), or Avalanche (AVAX -1.89%) has any clear-cut path to toppling Ethereum anytime soon.

3. Regulatory Clarity

There's another big reason to cheer on Ethereum, and that is regulatory clarity. Just about anyone who has ever heard of Ethereum considers it to be a cryptocurrency. However, through the first six months of the year, there were rumbles and murmurs about a pending SEC investigation into Ethereum, due to uncertainty over whether it might actually be a security.

4. Long-Term Disruptive Potential

And, finally, there's the long-term disruptive potential of Ethereum. For the past decade, Ethereum has been a true innovator, pioneering niches of the blockchain world that had never existed before. And, judging by all the tech upgrades that have been made to the Ethereum blockchain over the past two years, this trajectory should continue.