Kaiko: The rise of ETH aligns with the market's renewed interest in ETH ETFs, and changes in the leadership of the U.S. SEC may drive market demand

2024-12-11 16:44:29

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ChainCatcher news, according to data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the U.S. elections, ETH has yet to test its historical high of around $5000 from 2021.

However, last weekend, the price of ETH stabilized around $4000, indicating that it may be poised to test a new price range. The rise in ETH prices coincides with a resurgence of market interest in ETH ETFs, which set a record for historical fund inflows last week. Institutional investors have shown a significant increase in interest in ETH and are optimistic about potential returns in 2025.

Additionally, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) may further drive market demand, with ETH potentially being a significant beneficiary of this change.

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