Earlier this week, Ethereum experienced a remarkable surge, skyrocketing by 25% in just two days to reach a peak of $3,900. This significant rise can be attributed to the insights provided by Bloomberg ETF analysts, who have raised the probability of the SEC approving the funds from a mere 25% to a much more optimistic 75%. Additionally, data from CryptoQuant indicates that the Ethereum price was bolstered by the influx of investments in the perpetual futures market, as well as the unwavering support of the cryptocurrency’s long-term holders. Stay up-to-date with the latest technology news by visiting NEWSLINKER.
