On December 4, Ethereum's native token, Ether (ETH), surged above $3,800 for the first time since June. The price increase is attributed to significant inflows into spot Ethereum ETFs, which totaled a positive net flow of $132 million as of December 3. Leading the inflows were Fidelity and BlackRock, with $73.7 million and $65.3 million, respectively. The surge in price also corresponded with the Ethereum futures market open interest reaching an all-time high of $25 billion, indicating new leveraged positions emerging in the market. Trading volumes for Ether ETFs increased roughly 300% in November compared to previous months, signaling strong institutional interest. Analysts suggest that if institutional support continues, Ethereum could surpass its previous all-time high, potentially following a performance pattern similar to Bitcoin's recent rise. Technical indicators show Ethereum is poised for further gains, possibly targeting $4,000 in the short term as it has established a support liquidity zone since November 9.

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