Ether rallies 6% in catch-up trade as investors position for January
Publishing timestamp: 2023-12-27 15:28:46
Summary
The price of ether has increased as investors move into cryptocurrency ahead of key catalysts expected in January. Ether is catching up to other cryptocurrencies like Solana and Avax that have outperformed it. The article mentions that the market is rotating into an ETH-centric trade and highlights the upcoming Ethereum upgrade and the potential approval of a spot bitcoin exchange-traded fund as key events to watch in January. Investors are optimistic that if the spot bitcoin ETF is approved, it could bode well for the potential of a spot ether ETF.
Sentiment: POSITIVE
Keywords: solana/usd coin metrics, business news, cryptocurrency, ethereum/usd coin metrics, technology,