The repetition of Ethereum's price peak at $4,878 by the end of the year is "possible but highly unlikely," according to Derive founder Nick Forster :

◽️ ETFs based on the asset are underperforming compared to tech company stocks, which offer "higher returns."

◽️ The options market estimates the probability of returning to the ATH at 10%.

In his opinion, three key events need to align for this scenario to happen — Trump winning the election, aggressive rate cuts by the Fed, and a broader increase in global financial liquidity.

Recently, CryptoQuant reported that Ethereum's price has significantly "lagged" behind Bitcoin, Solana, and BNB after The Merge and the transition to PoS.