Ethereum's price has surpassed $4,000 due to significant inflows of over $1 billion into ETFs in the past week. This marks a notable recovery for Ethereum, which had been underperforming compared to Bitcoin.

The recent surge in price, a 65% increase since last month, is attributed to renewed institutional interest in the cryptocurrency following Donald Trump's election as the 47th President of the United States. The rally was fueled by a record daily inflow of $428 million into Ethereum ETFs, with BlackRock contributing $788 million to the total inflows. As a result, Ethereum's market value has now exceeded $485 billion.

The price movement has also led to increased trading activity, with $11 million in liquidations occurring within a four-hour period. Market optimism has been further boosted by Trump's appointments of Paul Atkins as the new SEC Chair and David Sacks as the crypto czar, both known supporters of the cryptocurrency sector.