Ethereum Extends Rally as Traders Bet on ETH ETF
In a recent article, we discussed Ethereum’s corrective movement within an uptrend and pointed out the possibility of a rally. Well, it seems our prediction was right on the money as Ethereum continues to surge higher. This time, it’s not just the investors driving up the price, but also traders who are betting on the possibility of an Ethereum-based exchange-traded fund (ETF) being launched in the near future. This news has injected a new wave of optimism into the market, pushing Ethereum’s price even higher.
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