3 reasons why Ethereum could reach 4,000 USD

Ethereum could reach the level of 4,000 USD thanks to three main factors below.

First, Open Interest in the futures market for Ethereum has reached a record high, with the total value of outstanding contracts increasing from 9.8 million ETH to 13.2 million ETH recently. This increase indicates a strong recovery in the interest and trading activity of investors, which often leads to positive volatility for the price of Ethereum.

Second, the demand for using Ethereum is also rising. The number of active daily addresses on the Ethereum blockchain has surged, from 306,751 to 388,350 in just the past week. This reflects an increase in user interaction with decentralized applications (dApps) on the Ethereum platform, driving up transaction volume and the value of ETH.

Finally, significant capital flows from Ethereum ETF funds have attracted 295 million USD following Donald Trump's victory. This is seen as the highest inflow of money since ETFs were launched, indicating increased investor confidence in Ethereum and its potential for value growth in the future.