Ethereum Surges Past $4,000 as ETF Inflows Hit Record Levels

Institutional interest drives Ethereum's price increase, fueled by $428 million in daily net inflows to Ethereum ETFs.

Ethereum crossed the $4,000 mark for the first time since March 2024, reflecting renewed investor confidence.
Ethereum spot ETFs reported a record-breaking $428 million in daily net inflows on December 5, with BlackRock and Fidelity leading the surge.
Active Ethereum addresses have risen significantly, increasing from 368,000 to 523,000 on a 7-day average, signaling expanded on-chain activity.
Ethereum's price remains approximately 17% below its all-time high of $4,878, recorded in November 2021, despite recent gains.
Market sentiment remains cautiously optimistic, with prediction markets assigning a 41% probability of Ethereum reaching a new all-time high by the end of 2024.