Ethereum price prediction: Is $4000 next after ETH’s +17% hike?

Significant trading activity has trailed Ethereum in the past 24 hours as it attempts to reclaim the $3700 price level.

Balchunas posted on the social media platform following reports that the United States Securities and Exchange Commission had asked aspiring ETH ETF applicants to update their 19b-4 filings ahead of the deadline this week.At press time, ETH exchanged hands at $3,648, recording a 17% price hike in the past 24 hours, according todata. Due to the surge in the coin’s trading activity in the last 24 hours, its trading volume has grown by over 200% during that period.

Per Santiment’s data, 1393 transactions of this nature were completed on that day, representing the highest number since 14th April.

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