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Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S.
On Oct. 25, ETH’s price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency’s upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers.
ETH/USD daily price chart. Source: TradingViewEthereum whale transaction count exceeding $100K in value. Source: SantimentETH total liquidation every 24 hours. Source: Coinglass