Ether’s price is nearing the $4,000 mark, climbing 5% over the past 24 hours and sparking hopes for a post-ETF approval surge. During early trading on May 27, ETH hit an intra-day high of $3,930, according to Cointelegraph data, echoing similar price levels reached after spot Ether ETFs were approved on May 23.<\/p>\n\n\n\n
Recent Performance<\/p>\n\n\n\n
This surge has led to a 27.5% gain over the past week for ETH, outpacing Bitcoin’s 3.8% increase in the same period. Analyst Matthew Hyland, with 143,000 followers on X, noted that ETH confirmed a bullish divergence and broke its downtrend with increased volume, validating the breakout.<\/p>\n\n\n\n
Market Predictions<\/p>\n\n\n\n
The significant weekly rise has triggered various predictions from industry analysts. On May 26, DeFiance Capital founder Arthur Cheong forecasted that ETH would hit $4,500 before spot ETFs launch. In a May 25 poll on X, nearly half of 5,800 respondents had allocated between zero and 25% of their portfolios to ETH. Cheong remarked on the underallocation of ETH among crypto enthusiasts.<\/p>\n\n\n\n
Speculations and Historical Comparisons<\/p>\n\n\n\n
Ethereum educator Anthony Sassano predicted that MicroStrategy founder Michael Saylor might buy ETH within six to twelve months. Historically, Bitcoin prices surged over 70% to an all-time high within two months of the spot BTC ETF approvals in the U.S. If ETH follows a similar pattern, it could reach around $6,000 by the end of July.<\/p>\n\n\n\n
Impact on DeFi and Layer-2 Networks<\/p>\n\n\n\n
Ether’s substantial movement has also influenced the broader crypto ecosystem. The total value locked in decentralized finance (DeFi) has returned to a two-year high of $117 billion, with 60% locked on the Ethereum network, as reported by DefiLlama. Additionally, Ethereum layer-2 networks are nearing a collective all-time high in total value locked, reaching approximately $47 billion, according to L2beat.<\/p>","protected":false},"excerpt":{"rendered":"
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