Ethereum Price Today: $4,030
- Ethereum has become more attractive to investors than Bitcoin post-US elections, per Bybit.
- Ethereum ETFs recorded a historic single-day net inflow of $428.5 million.
- A breakout above $4,093 could propel ETH to a new all-time high.
Ethereum (ETH) surged past $4,000 on Friday, marking its highest level since March, driven by unprecedented ETF inflows and shifting investor favorability over Bitcoin.
Investors Favor Ethereum Over Bitcoin
Following the US elections, Ethereum’s momentum outpaced Bitcoin, accelerating further after SEC Chair Gary Gensler’s announced retirement. Bybit’s December 5 report highlighted a notable shift in the ETH/BTC ratio, climbing from 0.31 (November 19) to over 0.4—signaling growing trader preference for ETH.
👉 Why Ethereum ETFs are gaining traction
Key Observations:
- Bitcoin’s dominance has dipped, fueling altcoin season speculation.
- Options pricing skew favors Ethereum calls, reflecting stronger bullish sentiment.
Institutional demand surged as Ethereum ETFs posted nine consecutive days of positive flows, surpassing $1 billion in cumulative net inflows.
Ethereum Price Forecast: Path to a New All-Time High
Ethereum’s 5% 24-hour rally triggered $75.14 million** in futures liquidations, with longs dominating ($44.6M vs. shorts’ $30.54M). ETH now tests its yearly high resistance at **$4,093, breaching a cup-and-handle pattern’s upper trendline.
Critical Levels to Watch:
- Break above $4,093**: Targets all-time high resistance at **$4,868.
- Next milestone: $5,627 if bullish momentum holds.
Momentum Indicators:
- RSI and Awesome Oscillator (AO) signal robust bullish dominance.
- Invalidation point: A weekly close below $2,817.
Ethereum FAQs
What is Ethereum?
Ethereum is a decentralized blockchain supporting smart contracts and decentralized applications (DeFi, NFTs, DAOs). Its native token, Ether (ETH), is the second-largest cryptocurrency by market cap.
How does staking work?
Ethereum transitioned to Proof-of-Stake (PoS) in 2022 ("The Merge"), allowing users to earn yield by staking ETH to secure the network.
What are gas fees?
Gas measures transaction costs on Ethereum. High network congestion escalates fees, prompting validators to prioritize higher-paying transactions.
👉 Explore Ethereum’s staking rewards
Disclaimer: This article contains forward-looking statements. Cryptocurrency investments involve risks, including total loss of capital. Conduct independent research before making decisions.
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