Ethereum Tests a Level Not Seen in Two Years

Ethereum Hits $3,000, Levels Unseen in 2 Years | BitDelta

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The ongoing bull run in the crypto market, coupled with the anticipation of the potential Ethereum (ETH) ETFs in the U.S., has fuelled ETH’s price to more than $3,000.

 

It is for the first time ETH has hit the price mark of $3k for the first time in two years.

 

 
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Source: CoinGecko, ETH/USD

 

It was only the last month that the Securities and Exchange Commission (SEC) approved the applications of more than 10 spot Bitcoin (BTC) ETFs. It has led to the inflow of billions of dollars into the BTC ETF market.

 

Recommended Read: Bitcoin Exchange-Traded Funds (ETFs)

 

The excitement doesn’t seem to have ended, with the larger crypto market still rallying.

  • ETH’s price rose 0.6% over the past 24 hours and more than 10% over the last seven days.
  • Key level of $3,500 is now being eyed by many traders.

Did you know? ETH reached its all-time high (ATH) of $4,891.70 in November 2021.

 

Ethereum is going to implement the Dencun upgrade next month which will introduce proto-danksharding. The upgrade has the potential to speed up transactions and bring down costs.

 

It is expected that similar to Bitcoin, the introduction of Ether ETFs will lead to increased adoption of the second largest cryptocurrency among the more traditional retail investors.

 

 

Disclaimer

Disclaimer: 2025. All rights reserved. This communication is for informational and educational purposes only and should not be construed as financial, investment, or legal advice. BitDelta does not guarantee the accuracy, completeness, or timeliness of the information provided. Trading in cryptocurrency markets involves substantial risk, including the potential loss of your entire investment. Users are advised to conduct their own research, exercise caution, and seek independent financial advice before making any trading decisions. BitDelta is not liable for any losses or damages arising from actions taken based on this communication.

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