Coin Edition -
- Ethereum signals an upside breakout following the SEC’s ETF approval.
- ETH surged 6.39% over the weekend to retest post-ETF approval levels.
- PEPE, BONK, FLOKI, and BOME surge following Ethereum’s recent rally.
Ethereum, the second-largest cryptocurrency by market capitalization, has shown signs of an upward trajectory following the U.S. Securities and Exchange Commission’s (SEC) approval of Ethereum exchange-traded funds (ETFs). ETH rose by 6.39% over the weekend to approach the post-ETF approval price of May 23, when the SEC announced its approval for firms seeking to launch Ethereum ETFs.
TradingView’s data indicated that Ethereum’s resurgence pushed the leading altcoin above $3,900 in the early hours of today, following two days’ consecutive positive daily closes. Today’s rally means Ethereum has gained nearly 30% in the past seven days, bolstered by last Monday’s single-day 20% surge, three days before the ETF approval.
#ETH has climbed back above $3,900. Will we see $4K? today