Institutional interest in Ethereum is on the rise, as the cryptocurrency has seen a significant influx of funds. In the past week alone, Ethereum has been purchased for a total of approximately $831 million, causing its price to stabilize around $3,900 after surpassing the $4,000 resistance level.

Analysts are optimistic that if this trend continues, Ethereum could potentially reach $7,000 by next year, especially as Bitcoin approaches the $100,000 milestone. Ethereum spot exchange-traded funds (ETFs) in the United States have experienced net inflows for 14 consecutive days, contributing to a more than 20% increase in its value during this period.

Notably, World Liberty Financial, a decentralized finance project associated with Donald Trump's family, has been accumulating Ethereum and currently holds around $50 million worth. Market experts view this accumulation as a positive development that could lead to a reassessment of Ethereum's price in the coming year.