ETH Sees Modest Gains After Ethereum ETF Approvals

Friday, 24 May 2024, 20:49

Following recent approval of Ethereum ETFs, the price of ether (ETH) has seen modest gains and defied the broader crypto market downturn. The optimism surrounding the spot Ethereum ETF is fueling the positive momentum of ether, with $80 million in long liquidations observed. This trend indicates a strong market sentiment towards Ethereum in the midst of turbulent market conditions.
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ETH Sees Modest Gains After Ethereum ETF Approvals

Ethereum Gains Post-ETF Approvals

The trend suggests that spot Ethereum ETF optimism is continuing to buoy ether, which defied the broader crypto market downturn yesterday.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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