Why is Ether (ETH) price up today? By Cointelegraph


Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot 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.

daily price chart. Source: TradingView
Ethereum whale transaction count exceeding $100K in value. Source: Santiment
ETH total liquidation every 24 hours. Source: Coinglass