Ethereum

when

<ul class="news-points">
 <li><strong>Ethereum signals an upside breakout following the SEC’s ETF approval.</strong></li>
 <li><strong>ETH surged 6.39% over the weekend to retest post-ETF approval levels.</strong></li>
 <li><strong>PEPE, BONK, FLOKI, and BOME surge following Ethereum’s recent rally.</strong></li>
</ul>
<p>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.</p>
<p>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.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> has climbed back above $3,900. Will we see $4K? today <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/pD4CqmBmTo" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pD4CqmBmTo</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1794920873503388131?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 27, 2024</a>
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<p>Following the cryptocurrency’s recent surge, analyst Matthew Hyland <a href="https://x.com/MatthewHyland_/status/1794888421338706393" target="_blank" rel="noopener noreferrer nofollow">noted in a post</a> …</p>
<p>The post <a href="https://coinedition.com/ethereum-breaks-out-as-sec-greenlights-etfs-memecoins-soar/" rel="noopener noreferrer nofollow">Ethereum Breaks Out as SEC Greenlights ETFs, Memecoins Soar</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Breaks Out as SEC Greenlights ETFs, Memecoins Soar

Coin Edition

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