Ethereum Surpasses $4,000 for First Time in Nine Months Amid $428 Million Record ETF Inflows

Dec 6, 2024, 03:10 PM

Ethereum (ETH), the world's second-largest cryptocurrency, has surged past the $4,000 mark for the first time in nine months. The digital asset reached $4,000 on December 6, 2024, marking a significant milestone after months of gradual recovery. The price surge has been attributed to increased market momentum and the push from US spot ETFs. On December 5, the total net inflow of Ethereum spot ETFs reached a record high of $428 million. This milestone brings ETH closer to its all-time high of $4,868 set three years ago, raising speculation about the potential for new highs before the end of the year.