Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment.
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence. Michael Saylor changes perspective, now believes spot ETH ETF s are net positive for Bitcoin. Ethereum Pectra upgrade scheduled to launch in Q1 2025. Ethereum gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission .
ETH technical analysis: Ethereum attempts to break past key level Ethereum is trading around $3,924 on Monday after gaining nearly 3%. ETH bulls are showing strength with only $7.76 million in long liquidations compared to $15.59 million in short liquidations. While ETH has rejected the $4,000 key level twice since the ETF approval, it may break past this level when the market fully resumes on Tuesday.
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