Ether (ETH) is flirting with $4,000, folks! ๐ A 3.5% daily gain on May 27 has traders dreaming of those sweet four-figure prices. The recent approval of spot Ethereum exchange-traded funds (ETFs) in the US has given ETH a nice little boost, despite a somewhat lackluster initial reaction. Crypto analyst Jelle thinks we're about to see ETH enter the "stratosphere" after a long period of accumulation. Meanwhile, Michaรซl van de Poppe, founder of MN Capital, has spotted a bullish divergence in the ETH/BTC weekly chart. He reckons the 2.5-year bear market for Ethereum could be over. And the cherry on top? Data from CryptoQuant shows ETH balance on exchanges is at a six-year low. Looks like traders are playing the long game with ETH. To the moon, anyone? ๐
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