"Ether Surges to $3K Amid ETF Hype and Resistance"
TL;DR Summary
The price of Ethereum's native token, ether (ETH), surpassed $3,000 for the first time since April 2022, with a 12% increase in the past week, outpacing other cryptocurrencies. Bitcoin also saw a 2% rise, nearing $53,000, while the broader CoinDesk 20 Index (CD20) was up 0.65%. Traders are targeting $3,500 as the next resistance level, anticipating potential U.S. regulatory approval for spot-based ETH exchange-traded funds (ETF). If approved, this could attract more institutional investors, similar to the recent interest in bitcoin ETFs.
- Ether Hits $3K for First Time in Nearly 2 Years Amid Rising ETH ETF Excitement CoinDesk
- Ethereum (ETH) price hits $3K for the first time since 2022 Cointelegraph
- Ether's Sharp Rally Encounters Resistance Near $3,000 Level Forbes
- Ethereum 2019 Correction Repeating? Analyst Warns Ethereum May See Larger Pullback The Daily Hodl
- Ethereum Hits $3,000 For First Time Since April 2022 Decrypt
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