Wall Street analysts led by Bernstein broker believe there is a 50 percent approval chance for spot Ethereum ETFs by May in the United States.
Ether’s price reaching $3k for the first time in more than two years signals the beginning of the much-anticipated altseason.
Ethereum (ETH) price has officially begun the race to $10,000 after reaching $3k for the first time since May 2022. Ethereum price has as a result recovered all the losses induced by the collapse of Terra Luna UST. Furthermore, the weekly Relative Strength Index (RSI) has rallied above the 70 level for the first time since May 2021, thus confirming the bulls are in control.
Remarkably, Ethereum’s price has outshined that of Bitcoin in the past week, with the latter increasing by 4.4% and the former by more than 12%. The notable rise in Ethereum price has been attributed to improved fundamentals and heightened demand from both institutional investors and retail traders. Moreover, ETH is the primary source of liquidity

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