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<ul class="news-points">
 <li>ETH rides high with U.S. ETF buzz, hitting a 30-day peak at $1,865.10 amidst robust whale backing.</li>
 <li>SEC’s recognition of Grayscale’s Ethereum ETF fuels market optimism, setting a bullish precedent for ETH.</li>
 <li>Technical indicators warn that ETH’s bullish spree may wane, hinting at potential price shifts ahead.</li>
</ul>
In a significant market move, <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> mirrors a bullish trend, nudging a stable $1,800. The upswing follows buzzing anticipation around potential U.S. approvals of spot Bitcoin and Ethereum ETFs. Moreover, heightened Ethereum whale activity signals robust rally backing.
As a result, despite kicking off the day with an intra-day low of $1,781.04, a bullish mood has prevailed throughout the previous 24 hours. The bullish momentum successfully drove the ETH price to a 30-day high of $1,865.10, although it ran into some resistance. At press time, the bulls were still in charge of the ETH market, resulting in a 1.50% rise to $1,815.91.
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><img decoding="async" width="745" height="617" src="https://coinedition.com/wp-content/uploads/2023/10/eth432543.png" alt="" class="wp-image-345881" style="aspect-ratio:1.2074554294975688;width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2023/10/eth432543.png 745w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-300x248.png 300w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-380x315.png 380w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-107x89.png 107w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-537x445.png 537w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-298x247.png 298w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-290x240.png 290w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-199x165.png 199w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-255x211.png 255w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-85x70.png 85w, https://coinedition.com/wp-content/uploads/2023/10/eth432543-91x75.png 91w" sizes="(max-width: 745px) 100vw, 745px">
 <figcaption class="wp-element-caption">ETH/USD 30-day price chart (source: <a href="https://coinstats.app/coins/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Coinstats</a>)
 </figcaption>
 </figure>
</div>
ETH’s market capitalization increased by 1.49% during the surge to $218,381,367,194, but its 24-hour trading volume decreased by 0.18% to $11,346,770,277. This decrease in …
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eth-hits-30-day-high-on-etf-buzz-indicators-signal-caution/">ETH Hits 30-Day High on ETF Buzz, Indicators Signal Caution</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ETH Hits 30-Day High on ETF Buzz, Indicators Signal Caution

Coin Edition

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