• Ethereum signals an upside breakout following the SEC’s ETF approval.
• ETH surged 6.39% over the weekend to retest post-ETF approval levels.
• PEPE, BONK, FLOKI, and BOME surge following Ethereum’s recent rally.

Ethereum, the second-largest cryptocurrency by market capitalization, has shown signs of an upward trajectory following the U.S. Securities and Exchange Commission’s (SEC) approval of Ethereum exchange-traded funds (ETFs). ETH rose by 6.39% over the weekend to approach the post-ETF approval price of May 23, when the SEC announced its approval for firms seeking to launch Ethereum ETFs.

TradingView’s data indicated that Ethereum’s resurgence pushed the leading altcoin above $3,900 in the early hours of today, following two days’ consecutive positive daily closes. Today’s rally means Ethereum has gained nearly 30% in the past seven days, bolstered by last Monday’s single-day 20% surge, three days before the ETF approval.

Following the cryptocurrency’s recent surge, analyst Matthew Hyland noted in a post …

The post Ethereum Breaks Out as SEC Greenlights ETFs, Memecoins Soar appeared first on Coin Edition.

• Ethereum signals an upside breakout following the SEC’s ETF approval.
• ETH surged 6.39% over the weekend to retest post-ETF approval levels.
• PEPE, BONK, FLOKI, and BOME surge following Ethereum’s recent rally.

Ethereum, the second-largest cryptocurrency by market capitalization, has shown signs of an upward trajectory following the U.S. Securities and Exchange Commission’s (SEC) approval of Ethereum exchange-traded funds (ETFs). ETH rose by 6.39% over the weekend to approach the post-ETF approval price of May 23, when the SEC announced its approval for firms seeking to launch Ethereum ETFs.

TradingView’s data indicated that Ethereum’s resurgence pushed the leading altcoin above $3,900 in the early hours of today, following two days’ consecutive positive daily closes. Today’s rally means Ethereum has gained nearly 30% in the past seven days, bolstered by last Monday’s single-day 20% surge, three days before the ETF approval.

Following the cryptocurrency’s recent surge, analyst Matthew Hyland noted in a post …

The post Ethereum Breaks Out as SEC Greenlights ETFs, Memecoins Soar appeared first on Coin Edition.