Ethereum (ETH) has surpassed $4,000 for the first time since March, driven by increased institutional interest, record-breaking ETF inflows, and a shift in investor sentiment favoring Ethereum over Bitcoin. The cryptocurrency has rallied over 74% year-to-date and is trading at $4,001. Ethereum has gained momentum over Bitcoin since the US elections, and SEC Chair Gary Gensler's retirement announcement further fueled this shift. Traders are increasingly favoring Ethereum in options markets, as ETH options pricing indicates stronger bullish sentiment compared to Bitcoin. Ethereum spot ETFs have seen significant net inflows, with Fidelity and BlackRock leading the way. Whale activity, such as a major holder transferring ETH to Bitfinex, reinforces bullish expectations. Ethereum's ecosystem has experienced significant growth in the decentralized finance (DeFi) sector, with total value locked and daily active addresses rising. Analysts believe Ethereum's breakout and sustained momentum could lead to a midterm price target of $10,000, signaling a potential transformative bull run in 2025.



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