“Ethereum’s Shifts in Narrative: Spot ETF and Altcoin Beta Hype Propel ETH Rally”

Ethereum price surges above $2,400, highest since May 2022

Ether (ETH) price broke the resistance at $2,400 for the first time since May 2022, signaling a notable show of strength. The surge in ETH price has caught the attention of the market, with traders eagerly speculating on the reasons behind this bullish momentum. Over the past 24 hours, ETH has risen more than 7.8% and has recorded an 85% increase over the last 12 months, reaching a year-to-date high of $2,444.