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The rich are betting on this coin. Up 15% in a week and expectations of reaching $4,000 soon

Ethereum (ETH) recorded a 15% increase over the past week, making it surpass Bitcoin, and with increasing interest from major investors, attention has turned to Ethereum amid expectations of further increases.

According to «investing», Ethereum witnessed large purchases by major investors, as they bet on the continuation of its superiority over Bitcoin in the near future, and these movements led to an increase in demand for Ethereum, which in turn reflected on its trading volume, which exceeded $46 billion per day.

While the value of Ethereum has increased by 51% compared to its monthly lows, Bitcoin recorded an increase of only 40%, and Ethereum still appears to be undervalued, boosting its chances of outperforming Bitcoin in the coming months.

Despite the buying pressures witnessed by Ethereum, there is a high probability that its price will rise to $4,000 by the end of 2024, if the turnout continues at the same current levels, despite the possibility of a slight correction in the coming days