Ethereum's popularity is the highest in the crypto world after Bitcoin, as the crypto bulls have made a run for it, Ethereum bulls have roared. 

Modest increase in price

        Since Ethereum made the switch to proof of stake, investors have been buying more ETH in the hopes of staking their way to passive income. Despite facing bears, Ethereum has been a consistent winner in the recent cryptocurrency boom, rising more than 20% in a month and more than 90% in a year.

The ETH Spot ETF made trading more popular

     Grayscale's Ethereum Trust was approved by the SEC for ETH spot ETF on November 1st, following a court order that weakened the SEC in Grayscale's lawsuit. Because the ETH spot ETF was confirmed before BTC spot ETF, Blackrock and others also applied for ETH spot ETFs, which increased traders' interest in ETH.

The issue of gas prices might resurface

       Ethereum's exorbitant gas prices are well known. There was a temporary spike in Ethereum transactions due to the cheap gas fees, which brought in enormous profits for the Ethereum network. In an attempt to boost earnings even further, the Ethereum network might raise fees again, which would probably hurt ETH's popularity.