Ethereum’s altcoin is staging a comeback as it hits new records in the midst of Bitcoin’s wild price movement. There have been an upsurge that is associated with anticipation for spot ETH ETF applicants and an expansion of open positions in the future market. Despite this pullback in bitcoins value, the price of ethereum has just hit $2,353 levels which we haven’t seen since May 2022. A portion of the increase can be attributed to an additional amount of $730 million in futures market positions which signals continued strong demand. Once ethereum surpasses the estimated target of $2,536 that is induced by 2024 ETF outlooks, the expected end point may be around $3,549. The drop of bitcoin’s price accompanied by an increase in the future will be the base of it. An additional factor would be an affirmation of the spot ETFs for bitcoin as well as ethereum, which will additionally increase the institutional desire and the willingness-to-risk.