According to a report from analysts Block Scholes and bybit Analytics, the price of Ethereum (ETH) could break the $4000 mark before Donald Trump's inauguration. The ceremony is scheduled for January 20, 2025.
Among the catalysts for further growth of the leading altcoin, experts named a decrease in open interest in Bitcoin and a “thoughtful redistribution” of crypto investors’ assets.
Open Interest in Bitcoin and Ethereum
According to analysts, ether has surpassed Bitcoin by number of open contracts: $6,7 billion for BTC versus $8,9 billion for ETH.
Over the past year, the price of Ether has lagged behind Bitcoin, but in the short term, the gap is starting to narrow. Over the past month, ETH has outperformed BTC, with Ether up more than 34% and Bitcoin up more than 31%.
Bitcoin and Ethereum Chart
In addition, the ether has surpassed Bitcoin on futures yields and institutional investor interest in spot ETH- ETF The latter have been recording an influx for the fifth day in a row.
Another confirmation of the growing interest in the leading altcoin is the mention of Ethereum in social media posts. Over the past three days, the number of posts related to ETH has increased by 282% and amounted to 1,1 million, according to CryptoQuant founder Ki Young Yu.
