The price of Ether attracted attention by approaching 4 thousand dollars in the transactions made on the morning of May 27. ETH has gained 5% in value in the last 24 hours, and this increase indicates that Ether may be the beginning of a potential rise after ETF approval.

According to CoinMarketCap data, ETH, the leader of altcoins, reached $ 3,930 with an increase of nearly 5% during the day. ETH reached a similar price level when spot Ether ETFs were first approved on May 23. This development gave ETH a 27.5% gain last week, leaving Bitcoin (BTC) behind, which gained only 3.8% in the same period.

Ethereum's potential continues to attract investors' attention. Analyst Matthew Hyland told his 143,000 followers on May 27 that ETH broke the uptrend and downtrend with increased trading volume. This shows that the rise is becoming more solid.

In a post on May 26, DeFiance Capital founder Arthur Cheong predicted that ETH could reach $4,500 even before spot ETFs are launched. He also conducted a survey on May 25 in which he asked his followers how much ETH they had in their portfolios, and nearly half of the 5,800 respondents said they had an allocation between 0% and 25%.

On the other hand, Ethereum educator Anthony Sassano thinks MicroStrategy founder Michael Saylor will purchase ETH in the next six to twelve months.

Bitcoin price reached an all-time high, rising more than 70% in the two months following spot BTC ETF approvals in the US. If Ether follows BTC's lead, a similar move is possible, with its price rising to an all-time high of $6,000 by the end of July.

This important development in Ether also had its effects on the crypto ecosystem. According to DefiLlama data, the total value locked in the decentralized finance (DeFi) space has returned to its highest level in the last two years, reaching $117 billion, and 60% of this value is locked in the Ethereum network.

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