ETH Climbs Above $4,000: Why Is Ethereum Up Today?
The digital asset market has seen positive sentiment abound for the last week. Subsequently, ETH has climbed above the crucial $4,000 level, leaving many investors to wonder why Ethereum is up today. Indeed, the cryptocurrency has increased by as much as 17% over the last 24 hours alone, according to CoinMarketCap. The current price level is the highest that Ethereum has reached since 2021, marking a significant landmark for its price. Moreover, it follows Bitcoin’s (BTC) lead over the past seven days. Specifically, BTC had reached a new all-time high earlier this week, surpassing $69,000. Also Read: Ethereum Dormant Whale Moves 10,000 ETH As Price Crosses $3,800 Why is Ethereum (ETH) Up Today? At the start of 2024, digital asset investors had high hopes for the market. With the US Securities and Exchange Commission (SEC) approving 11 Spot Bitcoin ETFs, there was optimism surrounding how BTC could perform. More than two months into the new year, that anticipation has ...