In the last month, Ethereum has surged by 46%, surpassing Bitcoin's 41% increase, signaling a potential resurgence in interest.

Despite a year-to-date underperformance compared to Bitcoin, there is a "solid revival of interest" in Ethereum, driven by its strong fundamentals.

As of December 2, 2024, Ethereum has gained approximately 59% year to date, while Bitcoin has experienced a remarkable 124% rise.

Ethereum's scalability model, emphasizing Layer 2 solutions, has resulted in over 15 million daily transactions on these platforms, compared to just 1 million on Ethereum's base layer.

Currently, 28% of Ethereum's supply is locked in staking contracts, providing an annual return of 3%, while an additional 10% is either lent out or bridged to Layer 2 chains.

Notably, nearly 60% of Ethereum's total supply has remained untouched for over a year, reflecting strong commitment from investors.

Ethereum commands a significant 63% market share of total value locked in blockchains, indicating a high level of trust from both retail and institutional investors.

Institutional interest in Ethereum is rising, with ETF inflows increasing significantly, bringing total assets under management to $11 billion and reversing recent outflows from Grayscale's ETFs.

Key factors driving optimism for Ethereum include robust staking dynamics, steady transaction fees, and growing institutional interest, particularly through exchange-traded funds (ETFs).

Analysts suggest that further momentum for Ethereum could occur if regulatory approval allows asset managers to include Ethereum staking yields in ETFs, potentially boosting returns to 4-5% with increased blockchain activity.