A popular analyst recently highlighted that Ethereum (ETH) $4,001 may reach new all-time highs soon. The analyst is gaining attention among market followers for closely monitoring developments in the cryptocurrency landscape.
Increase in ETF Demand
Trader Pentoshi, with 799,900 followers on the social media platform X, noted that the leading altcoin could experience a recovery due to rising demand for spot ETH exchange-traded funds (ETFs). Positive expectations regarding ETH’s future price movements are fostering hope among investors.
According to the analyst, ETH is currently trading at approximately $4,000 and is progressing towards annual highs. Furthermore, it is noted that ETH has begun to outperform other cryptocurrencies like Bitcoin (BTC)

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