Ethereum Price Soars Past $4,000: What Is Going On With ETH?

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

With Bitcoin chasing the $107,000 mark, Ethereum also crossed the $4,000 mark.
Ethereum spot ETFs recorded $855 million in net inflows between December 9 and 13, marking a record high.
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Ethereum ETH/USD has surged past the $4,000 milestone again, fueled by widespread market optimism and unprecedented inflows into ETH-focused ETFs.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Ethereum ETH/USD	$4,065.94	$489.6 billion	+4.2%	+6.5%
Bitcoin BTC/USD	$106,464.31	$2.1 trillion	+3.1%	+9.4%
XRP XRP/USD	$2.47	$141.8 billion	+2.1%	+3%

Trader Notes: With prices trading around 5% higher on Monday, crypto trader DonAlt tweeted,

SmileyCapital shared with his followers that now is an opportune moment to buy ETH, suggesting $4,000 might be "the cheapest ETH you'll see for a very long time."

He boldly predicts that Ethereum could soon surpass Bitcoin in prominence.

Similarly, trader McKenna anticipates a strong "institutional narrative and FOMO" surrounding Ethereum spot ETFs as Q1 2025 approaches.

He noted that the year-end surge in institutional interest signals a trend likely to persist.

Crypto analyst Wolf echoed these sentiments, stating that no other chart currently shows as much explosive potential as Ethereum.

Statistics: SoSoSo Value data shows Ethereum Spot ETFs posting $855 million in net inflows between Dec. 9 and 13, marking a record high.

BlackRock's ETHA ETF saw $523 million in weekly inflows, while Fidelity‘s FETH ETF followed with $259 million in net inflows.

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Total net assets stood at $13.8 billion as of Dec.13.

IntoTheBlock data shows large transaction volume increasing by 3.8% and daily active addresses dropping by 3.7%.

Exchanges netflows are down by 538.9%.

Around 96% ETH holders are in profit, 4% are at breakeven.

Coinglass data shows Ethereum short liquidations of $56.8 million at the highest level since Aug. 5.

Open interest spiked 9.5% to $29.7 billion in a single day, while ETH derivatives trading volume surged 124%.

Community News: SpotOnChain data shows Justin Sun withdrawing 52,905 ETH (worth $209 million) from Lido Finance approximately 15 hours ago, reporting a 29% ROI and a profit of $349 million on his ETH investments.

Following Ethereum's recent rally to $4,000, Sun sold 29,920 ETH (valued at $119.7 million).

What’s Next: Ethereum's recent momentum reflects strong institutional interest, elevated trading activity and key movements from high-profile investors, adding fuel to its bullish outlook.

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