Ethereum Hits $3,800: Dencun Upgrade and ETF Hype Propel Surge #Write2Earn‬ #TrendingTopic #Etherum #etherumETF

Crypto Analyst Van Pope speculates Ethereum reaching new ATH as it surged to $3,800.

Analyst suggests factors behind this surge might be the upcoming Dencun upgrade and potential ETF approval speculation.

ETH/USDT pair shows upward movement compared to BTC/USDT which barely moved post Bitcoin ATH.

Michael Van Pope, a prominent crypto analyst, took to X speculating a new all-time-high for Ethereum. He stated two key factors driving the bull run could be the Dencun upgrade and the likelihood of ETF approval. Ethereum (ETH) crossed $3,000 and surged to $3,800 earlier this week, marking its highest value in nearly two years.

The next in line for a potential all-time high test is #Ethereum.

Why?

– Dencun upgrade.

– Potential Spot ETH ETF approval.

Crucial resistance is approaching, but the $BTC pair has barely moved.

We'll likely see more strength coming from this asset. pic.twitter.com/LyWh8ht9ow

— Michaël van de Poppe (@CryptoMichNL) March 6, 2024

The Dencun upgrade, scheduled for release on March 13, is poised to be one of Ethereum’s most significant updates since the transition to Proof-of-Stake consensus. This upgrade brings the implementation of “proto…