Ethereum Tracking Bitcoin Breakout

From tickmill.com

Alongside the sizeable rally we’re seeing in Bitcoin currently, Ethereum is also making its way higher. The second largest-traded crypto coin has broken out this week, now trading back at levels last seen in early 2022, up around 35% from the YTD lows. The improved crypto sentiment on the back of the SEC Bitcoin ETF approvals seen earlier this year has been a major boost for ETH. With Bitcoin ETFs now live, traders project similar ETH ETFs to come in the near future, driving demand for the coin. It was revealed this week that Paypal’s billionaire co-founder Peter Thiel’s Founder’s Fund made a $200 million bet ... (full story)