Ethereum may shoot past $4,000 mark as Michael Saylor softens tone on spot ETH ETF

Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence. Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin. Ethereum Pectra upgrade scheduled to launch in Q1 2025. Ethereum gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission .

ETH technical analysis: Ethereum attempts to break past key level Ethereum is trading around $3,924 on Monday after gaining nearly 3%. ETH bulls are showing strength with only $7.76 million in long liquidations compared to $15.59 million in short liquidations. While ETH has rejected the $4,000 key level twice since the ETF approval, it may break past this level when the market fully resumes on Tuesday.

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