Ethereum (ETH) appears to be gaining significant traction as traders show increasing interest. Recently, CME open interest for Ethereum reached an all-time high, reflecting heightened market activity. Moreover, USDT supply of Ethereum reported a robust 27% growth for November, indicating a positive shift among investors.

As the year concludes, the bullish sentiment surrounding Ethereum could propel it towards the ambitious target of 4000. This bullish momentum is fueled by rising demand and overall market enthusiasm. Understanding the components that drive Ethereum’s price could provide valuable insights for investors looking to capitalize on this cryptocurrency’s potential. Make sure to keep updated on the developments that influence Ethereum’s momentum as we enter the new year.