Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Ethereum continues long-awaited comeback with a surge past $4,000

Source Cryptopolitan

Ethereum just smashed through the $4,000 barrier, a level it hadn’t touched since March. This milestone is being driven by record-breaking inflows into U.S.-listed Ethereum spot ETFs.

On December 5, these ETFs saw an eye-popping $428 million in net inflows, the highest one-day figure ever recorded, according to data from SoSoValue.

This surge comes in the shadow of Bitcoin breaking past $100,000. Ethereum is quietly building its own rally, with investors betting it could soon topple its 2021 all-time high. Since November 5, when Donald Trump won the presidential election, Ethereum’s price has climbed 61%, outperforming Bitcoin.

Trump’s win also reignited hopes for regulatory changes, especially with his appointment of the pro-crypto Paul Atkins as the new head of the Securities and Exchange Commission (SEC).

Inflows and futures frenzy

Ethereum’s rally is being powered by institutional interest. U.S.-listed Ethereum ETFs are seeing unprecedented activity. The $428 million that poured into these funds in one day highlights the growing appetite for Ethereum among big-money players.

This demand is particularly interesting because Ethereum ETFs, unlike staking directly in the network, don’t generate staking rewards for holders. Despite this limitation, the inflows show strong investor confidence.

The futures market tells the same story. Open interest in Ethereum futures contracts on the CME Group exchange has hit record highs.

Ethereum’s network data is equally bullish. Its Realized Cap—a metric that calculates the value of coins based on their last transaction price—has hit a record high of $243.45 billion. This indicator had been in decline from August to November, but the recent spike signals renewed confidence.

Historically, increases in the Realized Cap have preceded major price surges. Glassnode data shows that the rise in Ethereum’s Realized Cap reflects a repricing of ETH as coins last moved at lower prices. This suggests holders are becoming more confident, pushing Ethereum’s value higher.

For traders betting against Ethereum, this could be a dangerous sign. Another metric, the Market Value to Realized Value (MVRV) Long/Short Difference, backs up the bullish outlook. This indicator measures the unrealized profits of long-term holders compared to short-term ones.

Ethereum’s MVRV is now at 5.67%, entering a positive zone that signals undervaluation. Santiment, a blockchain analytics firm, notes that similar MVRV levels have historically led to significant price rallies.

The last time Ethereum followed this pattern, its price surged to $4,100. If this trajectory holds, the current rally could still have plenty of room to run.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Four jobs reports in five days: what JOLTS, ADP, claims and the September payrolls mean for the October Fed decision The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Author Mitrade

Sep 28, Mon

The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Nvidia's $150 billion buyback landed — and the AI sector fell anyway. That's the signal worth trading Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

Author Irene Q.

Sep 29, Tue

Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonight The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Author Suzie

Sep 30, Wed

The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Gold falls to near $4,150 as higher Treasury yields, oil prices outweigh softer PCE inflation Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.

Author FXStreet

10 hours ago

Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.

Popular Symbols