Ethereum

Arthur

Pepe

Ether (ETH) is nearing the $4,000 mark. This rise comes amid speculation that a recent ETF approval might spark a significant price rally. It is now only around 25% away from crossing its all-time-high. At the time of writing, Ethereum was<a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener"> trading</a> at around $3,922. Its trading volume has increased by 79.91%, reaching $17.95 billion. Its market capitalization is now approximately $470.41 billion. <img fetchpriority="high" decoding="async" width="602" height="259" src="https://lh7-us.googleusercontent.com/rULtmceMhLKYy1aRtw0ca7gDbVzYCI5EYE0DE1nkJeu6b9TJ3eAPF4khd-cIaSXJ4iJSZBeY0-bpJ-EONRAoUGpAapFeWAISk7b9iq267O1jx_eiGOMlqwoyKFzuJrXP6u935u7ypZwxoNKsH4MfenQ" alt="rULtmceMhLKYy1aRtw0ca7gDbVzYCI5EYE0DE1nkJeu6b9TJ3eAPF4khd cIaSXJ4iJSZBeY0 bpJ"> ETH/USD, 24hrs Price chart, Source: CoinMarketCap 
Arthur Cheong, the founder of DeFiance Capital, suggested in a May 26 post on X that ETH might even hit $4,500 before the actual launch of spot ETFs. 
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 4.5k before spot ETF go live for trading imo.— Arthur (@Arthur_0x) <a href="https://twitter.com/Arthur_0x/status/1794746610175615428?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 26, 2024</a>
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Also, crypto analyst Rekt Capital says Ethereum (ETH) must end the week above $3,956 to possibly reach over $4,000. 
Historically, Bitcoin experienced a similar trajectory, soaring over 70% to new highs within two months following its ETF approvals. If Ether follows this pattern, it could reach new peaks around $6,000 by the end of July, as it has now<a href="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/"> got approval for the ETF</a>. 
Ethereum’s Layer-2 networks are also experiencing robust financial activity, with the total value locked approaching a record high of $47 billion. With a market cap of $469 billion, both crypto investors and major Ethereum stakeholders are optimistic about the potential surge in institutional investments following recent ETF approvals. 
Will Ethereum cross its all time high after ETH ETF goes live? 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read: <a href="https://www.cryptotimes.io/2024/05/27/pepe-surges-130-in-may-flips-polygon-in-market-cap/">Pepe Surges 130% in May, Flips Polygon in Market Cap</a> 
</blockquote>

Ethereum Moving Closer to $4,000, New All-Time High Soon?

The Crypto Times

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