Ethereum has surged past the $4,000 price threshold for the first time since December, fueled by increased on-chain activity and a bullish market environment.
The cryptocurrency gained approximately 4% over a 24-hour period to exceed $4,000 on major trading platforms. Analysts attribute the rise to significantly heightened network transaction volumes demonstrating strong user demand.
Crypto asset accumulation initiatives, including corporate treasury purchases from firms like BitMine Immersion and SharpLink Gaming, have been identified as key contributors supporting Ethereum’s upward trajectory and recent price appreciation.
During this rally, Ethereum notably outperformed Bitcoin, which exhibited comparatively weaker price momentum over the same timeframe, highlighting ETH’s current relative strength within the digital asset market.