Ethereum gains momentum with institutional support

Ethereum rose 6% in the latest crypto rally, outperforming Bitcoin. Analyst Carlos Guzman, an analyst at crypto market maker GSR, predicts it could surpass $5,000 by early 2025, fueled by institutional investments, strong liquidity and favorable U.S. monetary policy. BlackRock and Fidelity have acquired over $500 million in Ethereum since December 8, and Ethereum options on the CME hit record open interest, signaling growing investor enthusiasm, DLNews has reported.