Ethereum's price surged to $4,000 per coin for the first time since last December, driven by a favorable environment for crypto assets and increased blockchain activity. The second largest cryptocurrency by market cap saw a 4% increase recently, significantly outperforming Bitcoin, which only saw marginal gains. Despite this rebound, Ethereum remains 18% below its all-time high of $4,878 recorded in 2021. Over the past 30 days, Ethereum has benefitted from a considerable rally of more than 50%, spurred by institutions accumulating significant ETH holdings with firms like BitMine Immersion and SharpLink Gaming investing billions into Ethereum. This trend of building Ethereum treasuries follows a model similar to that of the company MicroStrategy's Bitcoin purchases. Regulatory decisions have also improved sentiment, contributing to a spike in staking and heightened enthusiasm in the market. As trading activity increases, U.S. investors have heavily invested in ETH exchange-traded funds, attracting over $9.3 billion in inflows since their introduction last year.

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