Rally

Chair

Gary

Gains

<ul class="wp-block-list news-points">
 <li>Ethereum surges to a five-month high, surpassing $3,700, with a 40% gain in the past month.</li>
 <li>Investor optimism grows as SEC Chair Gary Gensler prepares to depart.</li>
 <li>ETH ETFs saw $90 million in inflows on Friday, fueling bullish sentiment.</li>
</ul>
Ethereum (ETH) is now trading above $3,700, a five-month high, as its price has climbed by 40% over the past four weeks. This strong performance has analysts predicting ETH will soon break $4,000.
This upward trend is largely driven by growing investor optimism following the announcement that SEC Chair Gary Gensler <a href="https://coinedition.com/gary-gensler-reportedly-preparing-to-leave-sec-role-before-term-ends/" rel="noopener noreferrer nofollow">will step down</a> in a few weeks. Many believe this leadership change could usher in a more crypto-friendly regulatory environment, further fueling Ethereum’s rally.
<h2 class="wp-block-heading" id="h-ethereum-key-trading-metrics">Ethereum Key Trading Metrics</h2>
Ethereum’s price surge in recent weeks has attracted significant investor attention. As of now, Ethereum’s market capitalization is valued at $445 billion, securing its position as the second-largest cryptocurrency, just behind Bitcoin.&nbsp;
Looking at price movement, Ethereum’s 40% monthly gain outperformed Bitcoin’s 34% gains , signaling strong momentum in favor of ETH. This sentiment shift is also evident in the trad…
The post <a href="https://coinedition.com/five-month-high-eth-gains-as-derivatives-market-and-etfs-lead-rally/" rel="noopener noreferrer nofollow">Five-Month High: ETH Gains as Derivatives Market and ETFs Lead Rally</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Five-Month High: ETH Gains as Derivatives Market and ETFs Lead Rally

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