- Ether prices increased about 50% in the last month.
- Potential approval of spot-based Ether ETFs offering staking fueled price growth.
- The price of Ether reached $2,713.78, up from an intraday high near $1,800 a month earlier.
- Regulatory changes, upgrades to the Ethereum network, and market shifts contributed to the rally.
- Ether is attempting to catch up with Bitcoin‘s market performance, according to industry experts.
Over the past month, Ether, the world’s second-largest cryptocurrency by market value, climbed close to 50%. The price increase comes as investors anticipate possible approval of rules that would allow spot-based Ether exchange-traded funds (ETFs) to add staking—a process where holders earn rewards for supporting network security.
On Coinbase, Ether prices reached $2,713.78, compared to an intraday high of about $1,800 one month earlier, according to Coinbase figures from TradingView.
Joe DiPasquale, CEO of BitBull Capital, stated in an email that optimism around a potential spot Ether ETF approval surprised many investors and led to a short squeeze. He explained, “The shift in regulatory tone — especially the SEC’s engagement with issuers — triggered a sharp short squeeze, as ETH had been one of the most heavily shorted large-cap tokens in recent months.” DiPasquale noted that market momentum and Ether’s previous underperformance made it a likely candidate for a price rebound.
Social media figure Wendy O pointed to applications for spot-based Ether ETFs with staking features as another reason for Ether’s recent gains. George Kailas, CEO of Prospero.ai, listed several factors driving Ether’s surge, noting the overall popularity of cryptocurrency as a way to handle investment risk. He added that the recent Pectra Upgrade—an improvement to Ethereum’s scalability, security, and staking efficiency—helped attract increased ETF flows. Kailas also cited the GENIUS Act as drawing more investment to digital assets.
Tim Enneking, managing partner at Psalion, observed that Ether has trailed behind Bitcoin and much of the crypto market. He stated, “ETH needs to essentially double without BTC moving at all simply to get to its ATH from almost three years ago.” He suggested developers had become complacent as Ethereum grew, giving room to competitors. However, Enneking noted that recent Ethereum upgrades have improved, possibly driving renewed price movement.
Currently, Ether aims to regain ground as its market dominance has dropped from around 30% to less than 10%. Industry participants continue to watch regulatory changes, network upgrades, and investment flows for indications of future price direction.
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