ETH Targets $4K as Investors Stash $2.1B for the Long Haul

Ethereum has seen a surge in its market performance, largely attributed to significant catalysts driving investor sentiment. The successful execution of the Dencun upgrade testnet and the increasing interest in ETH ETF filings have fueled Ethereum’s bullish trajectory. Notably, there has been a notable shift in the investment horizon of Ethereum stakeholders towards long-term holding rather than short-term profit-taking.