Ethereum Surges Above $3,600 on SEC ETF Rumors, Trading Volumes Skyrocket from in lace half Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:36 👁 View: 1.7M times ✓ Published: 22-May-2024
Description: Ethereum's price spiked above $3,600 after rumors that the SEC has asked ETF applicants to resubmit filings. Trading volumes exceeded 200% in the past day as sentiment turned bullish on a potential ETF approval, similar to what happened in January for Bitcoin ETFs. ETH's market cap increased by half of Solana's in just 3 minutes during the spike, creating the largest ever daily candle. If approved, ETH could quickly reach $4,000-$5,000 by year's end. Without approval, prices may retrace to $3,000.