CandleFocus

Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge

The price of Ethereum's ether (ETH) has surpassed $4,000 for the first time since March. Ether has outperformed bitcoin in the last 24 hours and 7 days, and spot ether exchange-traded funds recorded record inflows. The ETH/BTC ratio has reached 0.04, which marked a previous top for ether relative to bitcoin. The Coinbase premium on ether is expanding, indicating demand among U.S. institutional investors and retail participants. Active addresses on the Ethereum network have increased, indicating an expansion of on-chain activity. Meanwhile, the CoinDesk 20 index is down, with stellar and litecoin being the worst performers.

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