Ethereum's native token, Ether (ETH), has increased by 7.51%, reaching an intraday high of $3,421 on January 24. This surge mirrors a market-wide recovery, with Bitcoin rising over 2.6% and altcoins like XRP and Solana gaining as well. The total crypto market cap also saw a 3% increase, attributed to a positive market sentiment following US President Trump's recent executive order aimed at supporting the digital asset industry. This order includes plans for new digital asset regulations and the establishment of a national digital asset stockpile. Furthermore, significant inflows into Ethereum-based ETFs have supported its price, with a total of $396.5 million recorded over six consecutive days. Analysts predict that ETH could potentially reach $3,850 to $4,840 in the first quarter of 2025, driven by strong demand and investment confidence. Immediate technical support for ETH is between $3,200 and $3,390, suggesting a crucial zone for price stability.

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