#ETHETFsApproved Ether (ETH) could surge to retest the $5,

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#ETHETFsApproved Ether (ETH) could surge to retest the $5,000 price mark it fell short of in 2021 if three long-term indicators continue flashing, says one crypto trader. “The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” pseudonymous crypto trader Blockchain Mane told Cointelegraph. It follows the Securities and Exchange Commission’s May 23 initial approval of eight spot Ether exchange-traded funds (ETFs). TradingView data shows ETH’s dominance — its share of the crypto market — jumped 19.56% over the past seven days after reports surfaced the SEC was pivoting from its hard stance on ETF approvals.

#ETHETFsApproved  
Ether (ETH) could surge to retest the $5,000 price mark it fell short of in 2021 if three long-term indicators continue flashing, says one crypto trader.
“The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” pseudonymous crypto trader Blockchain Mane told Cointelegraph.
It follows the Securities and Exchange Commission’s May 23 initial approval of eight spot Ether exchange-traded funds (ETFs).
TradingView data shows ETH’s dominance — its share of the crypto market — jumped 19.56% over the past seven days after reports surfaced the SEC was pivoting from its hard stance on ETF approvals.