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The value of Ethereum skyrockets and approaches $4000: what is behind the rise

Over the weekend, the price of ETH surpassed $3700. The reasons behind the surge according to analysts in the crypto market.

This weekend saw a remarkable increase in the price of Ethereum, the second most valuable cryptocurrency, which reached $3737 thanks to the boost from spot ETFs that injected a lot of dollars into the market, nearing values not seen since late 2024. According to specialized portals in the crypto market, the recent interest from institutional investors and large holders of Ether is driving its price to levels not seen in several months.

For instance, Jesús Carreño, LATAM Operations Specialist at MEXC stated that “The recent performance of Ethereum reflects the progressive maturation and growing adoption of the blockchain ecosystem.”

For the specialist, “institutional interest has steadily increased, especially following the approval and upcoming launch of Ethereum ETFs in key markets. This momentum, along with the repeated all-time highs reached by Bitcoin, has improved the overall market sentiment.”

It is worth noting that the most famous cryptocurrency in the market does not stop exceeding its highs, and many analysts point out that, on this path, Bitcoin is gradually becoming a “store of value.”