Ethereum grew by 5% per day

The price of Ethereum ETH $3,316.52 Bridged Ether (StarkGate) -0.34% Market capitalization $0.3 billion VOL. 24 hours $1.36 billion is approaching $ 4,000. The crypto asset’s rate increased by 5% over the day, and crypto experts suggest that this is the result of the approval of spot ETH-ETFs.

It also gave ETH a 27.5% increase over the past week, eclipsing bitcoin BTC $95,731.33 Bitcoin -0.75% Market capitalization $1.9 trillion VOL. 24 hours $2.31 billion . The market leader rose by only 3.8% over the same period.

In his post on the X platform on May 26, DeFiance Capital founder Arthur Chong predicted that ETH would reach $ 4,500 before spot ETFs were even launched.

He conducted a survey among his followers, asking how much ETH was allocated in his followers' portfolios. Almost half of the 5,800 respondents had between zero and 25%.

Meanwhile, according to DefiLlama, the total value of decentralized finance (DeFi) has returned to its highest level in the last two years — $ 117 billion, 60% of which is locked in the Ethereum network.