🔶On December 6, Ethereum broke through the $4,000 level for the first time since March, gaining 1.4% in 24 hours, according to CoinGecko. Analyst Scott Melker highlighted a record inflow of $428.5 million into ETH spot ETFs on December 5, with BlackRock’s ETHA fund leading, attracting $292.7 million.
🔶Experts at Block Scholes and Bybit Analytics attribute the surge in investor interest to optimism about potential regulatory easing, which lays the groundwork for further growth. Ethereum climbed to $4,000 faster than Bitcoin, and the open interest in ETH futures reached $27.9 billion.
🔶Analyst Wolf also noted that the “Triangle” pattern on Ethereum’s chart, forming since 2021, could signal a movement toward $20,000.