Ether Price Tops $3K as Traders Bet on Likely ETH Spot ETF Approval
• Ether (ETH) price rose above $3,000 on Tuesday for the first time since April 2022 • ETH has rallied nearly 30% year-to-date, outperforming Bitcoin's 22% advance • Traders targeting $3,500 as next resistance level as market expects ETH spot ETF approval • Potential ETH ETF approval would appeal to more conservative, institutional investors • Bernstein sees 50% chance of ETH spot ETF approval by May, near 100% in next 12 months