Ethereum price eyes new all-time highs, but will $15K be the top?

December 17, 2024 Coin Telegraph

Ethereum price eyes new all-time highs, but will K be the top?

ETH continues to show strength after its rally above $4,000, and bulls appear to be targeting its 2021 all-time highs under $5,000 and beyond.

Ether (ETH) is poised to break its all-time high in the coming days after rising to a new year-to-date high of $4,108 on Dec. 16.

ETH price has gained 8% over the last week. The second largest cryptocurrency by market capitalization is up 28% over the last 30 days and 82% over the last year.

Data from Cointelegraph Markets Pro and TradingView shows Ether’s price was trading at $4,000, about 18% shy of its all-time high of $4,891 set on Nov. 26, 2021.

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Ethereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward $4K

May 27, 2024 Coin Telegraph

Ethereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward K

Coin Telegraph

With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally well above $4,000.

Traders continue to push Ether (ETH) price closer to $4,000 on May 27, with the altcoin registering a 3.5% gain for the day.

Data from Cointelegraph Markets Pro and TradingView shows strong performance from Ether which rose from a low of $3,048 on May 20, climbing 27% to reach a 10-week high of $3,964 on May 27.

Ether’s performance over the last seven days has largely been driven by the markets’ anticipation that the spot Ethereum exchange-traded funds (ETFs) in the United States would be approved. Even though ETH displayed a lackluster performance after the approval, the move toward $4,000 is viewed as significant.

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3 reasons why Etheruem price looks ready to rally higher

May 22, 2024 Coin Telegraph

Coin Telegraph

Key Ethereum price metrics suggest that ETH’s pause at $3,800 is temporary.

Increasing expectations of spot Ethereum ETFs being approved in the United States caused the price of Ether (ETH) to jump over 26% over the last two days to trade at highs not seen since March 15.

Since hitting $3,800, ETH price has pulled back slightly, but the possibility of a spot Ethereum ETF approval and fundamental factors and on-chain metrics suggest that the altcoins uptrend remains intact.

One factor supporting Ether’s upside is increasing open long ETH positions in the futures market. Data from on-chain market intelligence firm CryptoQuant shows Ethereum’s total open interest in the derivatives market increased from 2.8 to 3.2 million ETH in a few hours on May 20 after rumors emerged that the United States Securities and Exchange Commission (SEC) was making a U-turn on the approval of spot Ethereum ETFs. This is the highest open interest since January 2023.

Why is Ethereum price up today