Recently, Ethereum (ETH) has once again become the focus of the investment community due to its strong institutional demand and market momentum. Galaxy Digital CEO Mike Novogratz is optimistic about the future development of Ethereum, predicting that in the coming months, Ethereum may outperform Bitcoin.

The price of Ethereum has surpassed $3,730, approaching the $3,848 mark. This surge is largely attributed to the massive entry of institutional investors. In particular, with the U.S. Securities and Exchange Commission (SEC) approving the Ethereum exchange-traded fund (ETF), over $726 million in funds flowed in within just one day, setting a new historical high.

The activity level of the Ethereum network continues to rise, largely due to the ongoing expansion of the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems. These innovative applications are driving Ethereum to become a mainstream choice in the cryptocurrency investment space.

Novogratz stated that he is confident about Ethereum's performance in the next three to six months and expects its price to challenge the $4,000 mark. Although Bitcoin remains the dominant force in the cryptocurrency market, recently even reaching a historic high of $122,838, Ethereum, with its unique innovative advantages and growth potential, is expected to surpass Bitcoin's market performance in the short term.

As institutional investors continue to focus on Ethereum, the landscape of the cryptocurrency market may undergo significant changes. Investors are closely watching the competitive dynamics between these two major cryptocurrencies and their impact on the entire digital asset ecosystem.