PANews reported on December 11 that according to Kaiko Research data, the price of Ethereum (ETH) recently hit an annual high of $4,000. Despite briefly outperforming Bitcoin (BTC) after the US election, ETH has not yet tested its historical high of about $5,000 in 2021. However, the price of ETH stabilized at around $4,000 last weekend, indicating that it may be expected to test a new price range.
The rise in ETH prices coincides with the resurgence of interest in ETH ETFs, which saw record inflows last week. Institutional investors have shown a significant increase in interest in ETH and are looking forward to potential gains in 2025. In addition, the change in leadership at the U.S. Securities and Exchange Commission (SEC) may further drive market demand, and ETH may become a significant beneficiary of this change.
