With the recovery market, the Ethereum price surges 19.23% in a single day, the largest single-day gain since 24th May 2021. Further, the $80 Million short liquidation on the last day marks the biggest loss for sellers in the last 90 days.
Moreover, with an overnight surge of 7.73%, the price of Bitcoin crossed the $70K barrier to peak at $71,500. The sudden surge boosted trading volume and started a market-wide bullish ripple.
A crucial reason for the recent surge in the Ethereum bull run comes with the increased market noise of Ethereum ETF approval. With the Ethereum price crossing the $3500 mark and a 280% surge in trading volume, the buyers are lining up for the biggest altcoin in the crypto world.
Will the Ethereum price prediction of reaching $10,000 come true with the ETF approval? Let’s take a quick look at the Ethereum price rally and understand more on the ETF…
