Summary
Ether reached its highest levels in almost two years as investors anticipate approval of spot ether exchange-traded-funds in the U.S. Analysts expect ETH to continue moving higher, possibly reaching $3,600 in the short term. Bitcoin remained stable, while altcoins like Filecoin and Hedera saw gains.
Key Points
1. Ether (ETH) reached levels not seen for almost two years on Monday, climbing to $2,984, the highest level since April 26, 2022.
2. Investors are anticipating approval of spot ether exchange-traded-funds (ETFs) in the U.S., which is driving the bullish sentiment for Ethereum.
3. Analysts expect ETH to continue moving higher in the short term, possibly reaching $3,600, with potential levels around $3,150-$3,300 before aiming for $3,600.