Ethereum gains 5% in 24 hours: Start of post-ETF approval pump?

) is closing in on $4,000 during early trading on May 27, rising 5% over the past 24 hours and prompting hope it could be the beginning of Ether’s post-ETF approval pump.

The asset gained almost 5% on the day to hit an intra-day high of $3,930, according to Cointelegraph data — ETH also tapped a similar price just days ago when spot Ether ETFs were first approved on May 23.his 143,000 X followers that ETH has confirmed a bullish divergence and a break of the downtrend with an increase in volume, further validating the breakout.predicted

He held a poll on X on May 25 asking how much ETH was allocated to his follower’s portfolios. Nearly half of the 5,800 respondents had between zero and 25% allocation, prompting Cheong to observe: “Just look at how much CT is underallocated to ETH,”surged more than 70% to an all-time high in the two months that followed the spot BTC ETF approvals in the United States.

If Ether mimics BTC, a similar move could propel prices to an all-time high of around $6,000 by the end of July.Decentralized finance total value locked has returned to its highest level for two years at $117 billion, with 60% of that locked on the Ethereum network,Historic turning point for crypto, Ethereum ETFs, FIT21, Trump: Hodler’s Digest, May 19-25

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