Ethereum rose to the highs of 2024

The crypto market capitalization has increased over 3%, now approaching 3.90 trillion USD. This surge comes amidst a positive sentiment shift following the end of the Ripple case and approval of crypto pension investments.

Ethereum’s price surpassed 3,900 USD, hitting its highest since December 2024. However, the critical 3,900–4,000 USD range has previously been a turning point, prompting cautious optimism about potential breakthroughs.

Tom Lee from Fundstrat expects explosive growth for Ethereum due to increasing Wall Street interest and significant stablecoin development on its blockchain, while the SEC Chairman endorses blockchain as the future of financial systems.

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