Ethereum, the leading altcoin by market capitalization, has managed to reclaim the $4,000 level for the first time since this year.
The altcoin reached a new 2025 high of $4,012 at 13:54 UTC on the Bitstamp exchange, extending its massive rally.
ETH is now up by roughly 8% this month after surging by more than 48% last month.
According to CoinGlass data, roughly $25.7 million worth of ETH shorts have been liquidated over the past 24 hours.
Polymarket bettors now see a 58% chance of ETH reaching $5,000 as early as this year.
As reported by U.Today, Fundstrat's Tom Lee recently opined that ETH's fair price would be $6,000.
The altcoin is enjoying a revival because of corporate treasury accumulation, strong exchange-traded fund (ETF) flows, as well as various regulatory tailwinds.
