Ethereum has been surging, leading a strong rally across the crypto market after Bitcoin hit $104,000, gaining 5% in the past 24 hours and an impressive 35% over the past month. While Bitcoin’s price continues to climb, Ethereum’s jump of 20% has been particularly significant. The surge is being driven by a growing interest in DeFi applications, and EtherFi (ETHFI) stands out as a potential leader in this space. The token has climbed over 13% in the past day, currently trading around $0.71. Crypto analyst Arthur Hayes believes ETHFI deserves recognition for its strong fundamentals and commitment to buybacks and token burns. In his social media post, he compares EtherFi to Amex as a representative of value-driven projects, highlighting the need for real utility and revenue generation in the crypto ecosystem.