[News] On May 27, the price of Ethereum rose strongly, approaching the $4,000 mark, with a daily increase of 3.5%. The rise was driven by the market's expectation of approval of the US spot Ethereum exchange-traded fund (ETF). Although Ethereum performed flat after approval, its trend towards $4,000 is seen as an important signal. Cryptocurrency analyst Jelle said that Ethereum has completed long-term accumulation and the price is ready to enter a "rising period." Another analyst, Michaël van de Poppe, also pointed out that Ethereum may have ended its 2.5-year bear market. In addition, data from CryptoQuant, an on-chain indicator provider, showed that the balance of Ethereum on exchanges continued to decrease, indicating that traders have increased confidence in the long-term potential and value of Ethereum.