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The value of Ethereum spikes and approaches $4000: what’s behind the rise

Over the weekend, the price of ETH surpassed 3700 dollars. The reasons behind the increase according to crypto market analysts.

This weekend saw a remarkable increase in the price of Ethereum, the second most valuable cryptocurrency, which reached as high as 3737 dollars thanks to the momentum 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 are driving its price to levels not observed for several months.