Ethereum has reached a four-month high of $3,500, the highest price since July 21. At the time of publication, it had slightly decreased to around $3,475, reflecting a 3.6% daily increase and an 11.4% rise over the past week, marking the largest weekly gain among the top five cryptocurrencies by market capitalization. Despite this recent upturn, Ethereum has faced criticism for its comparative performance, rising only 49% since the start of the year, while Bitcoin and Solana have seen increases of 133% and 150%, respectively. The market has seen $24.6 million worth of Ethereum shorts liquidated recently. Additionally, Ethereum ETFs experienced inflows of $91.3 million, reversing a trend of six days of outflows totaling $222.7 million. This uptick in interest coincided with broader positive movements in the crypto market following significant political developments. Nevertheless, Ethereum remains approximately 28.4% below its all-time high of $4,878 from 2021, signaling ongoing volatility and competitive pressures within the cryptocurrency landscape.

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