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

Table of Contents

Coin Edition

Other articles published on Nov 30, 2024

The Crypto Market Is Heating Up: Top 5 Altcoins to Watch During This Bull Run!

Tonkeeper and Mercuryo Launch Exclusive Campaign For Indonesian Users

Did Brett’s Surge Pass You By? BTFD Coin’s Presale Could Be Your Best Chance to Strike Crypto Gold!

7 Best Staking Platforms to Earn Crypto Rewards in 2025

Spot Ether ETFs Hit New Record as Rotation Begins

The Crypto Bullseye: Why BTFD Coin Stands Out as the Best Meme Coin Presales to Buy in December 2...

Join our free newsletter for daily crypto updates!