Ethereum Price Analysis Today: ETH Breaks $4.000, Eyes New All-Time High

• Ethereum Surpasses $4.000 After Gaining 6% in the Last 24 Hours.
• Ethereum ETFs see record net inflows.
• ETH price increase of 14% in a week.

On the momentous day of November 6, as the United States elected its president, Ethereum (ETH) enjoyed a moderate price around $2.500. The cryptocurrency market was eagerly awaiting the election results. After Trump’s victory was confirmed, not only Bitcoin (BTC) but also most altcoins saw significant gains, with some reaching all-time highs and others reaching their best levels in years.

Ethereum’s rise has gained additional momentum over the past 24 hours, with a surge of over 6% taking it past the $4.000 barrier for the first time since March. The price is currently flirting with the $4.100 mark, remaining just a short margin below that figure.

This impressive rally can largely be attributed to the new momentum surrounding Ethereum spot ETFs, which, after months of lackluster performance, especially when compared to BTC ETFs, are now experiencing a complete transformation. On December 5, Ethereum ETFs had their most notable day yet, recording a net inflow of $428,5 million, surpassing the previous record of $332,9 million set on November 29.

Ethereum Price Today

At the time of publication, the price of ETH was quoted at US$4.001,95 with an increase of 3% in the last 24 hours.

Ethereum price is rising and trading well above the USD 3.850 pivot level. ETH broke the USD 4.020 resistance zone to move further into a positive zone. If the bulls remain in action, the price could rise towards the USD 4.450 level.

If there is a downside correction, the price may find support near USD 3.850. The next major support is near USD 3.720, below which the price may extend losses.