$ETH /Ethereum Surges Past $3,800 — What’s Driving the Rally?

Key Highlights:

Ethereum reaches new heights**, surpassing $3,800 — its highest since early 2024.

Main catalysts:** Increased inflows into Ethereum ETFs and growing institutional interest.

Major holders:** Companies like SharpLink hold over $1 billion in ETH, actively staking to earn passive income.

Contrarian voices:** Bitcoin advocate Peter Schiff advises investors to sell ETH and buy BTC, labeling ETH a bubble.

Industry debate:** Critics argue Ethereum is losing its competitive edge in DeFi and smart contracts.

Community response:** Crypto enthusiasts rally, asserting ETH is gaining strength and resilience.

Market outlook:** Analysts suggest ETH/BTC may have bottomed out, hinting at potential Ethereum gains against Bitcoin.

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