Ethereum Sets Its Eyes on a New Peak After ETF Approval!

Ethereum price has set its sights on a new peak, rising by 3% in the last 24 hours.

The US Securities and Exchange Commission's (SEC) spot Ethereum ETF approval could not create the expected price movement in the first days. Ethereum, which was indifferent to the excitement of investors, made a good start to the new week.

According to CoinGecko data, Ethereum, which increased by 3% in the last 24 hours, climbed to $ 3,948. The peak price of Ethereum was seen at $4,878 in 2021.

These green candles, which came after the Spot ETF approval, were interpreted as Ethereum may be on its way to seek a new peak.

Spot Ethereum ETFs have not yet launched and are currently awaiting SEC approval of their S-1 filings. The ETF launch is expected to take place in the coming weeks.

Making a statement on the subject, Arthur Cheong, founder of DeFiance Capital, noted that the price of $ 4,500 could be seen before the launch of spot Ethereum ETFs.