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Ethereum Defies Gravity: Spot ETF Frenzy Propels ETH Past $2,600 Resistance

Ethereum Defies Gravity: Spot ETF Frenzy Propels ETH Past $2,600 Resistance

Author:
Coindesk
Published:
2025-06-03 10:34:29
16
2

ETH Holds Above $2,600 After Spot ETF Demand Ignites Bullish Breakout

Wall Street’s latest crypto crush—spot Ethereum ETFs—just lit the fuse on a blistering rally. The second-largest cryptocurrency isn’t just holding gains; it’s moonwalking past former resistance levels like they’re regulatory speed bumps.

### When ’approved’ means ’buy now’

Traders are front-running the paperwork—pumping ETH positions before the SEC’s ink dries on those inevitable approvals. Because nothing screams ’sound investment’ like betting on products that don’t exist yet.

### The institutional FOMO is real

Suddenly every hedge fund manager who mocked crypto last cycle is scrambling for exposure. Funny how nine-figure inflows have a way of making blockchain believers out of Wall Street skeptics.

This isn’t just a breakout—it’s a full-scale assault on crypto’s old guard. Bitcoin maximalists watching from the sidelines as ETH steals the spotlight? Now that’s a chart worth watching.

|Square

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