At over $2,740, an ether unit costs as much as it has not since the end of January. The current momentum is fueled in particular by a triad of institutional interest, inflows into ether spot ETFs, and regulatory signals from the US. On Thursday, the US Securities and Exchange Commission (SEC) announced a long-awaited temporary exemption for trading tokenized securities.
As recently as Tuesday evening, the US Senate had put the „Clarity Act“ on ice, thereby causing regulatory disappointment. The market currently obviously does not see regulation as a hindrance, but rather as a guardrail on the path to final mainstream acceptance.
Additionally, Ether is likely to benefit from the successive unwinding of so-called short positions. Investors who have bet heavily on falling prices find themselves increasingly forced to close out their short-selling positions. The momentum triggered in this context is likely to further fuel the upward momentum.
Ethereum
US economic data in focus – Monetary policy impulses conceivable – Xi-Trump summit ahead
Various economic data from the US are also likely to be in focus this week. On Wednesday, initial figures on purchasing managers (S&P Global) are expected at 3:45 PM for the services, manufacturing, and composite sectors, which could provide economic impetus.
At the same time, Chinese President Xi Jinping is expected in Washington on Wednesday, along with a corresponding meeting with US President Donald Trump on Thursday.
Durable goods orders round off the trading week on Friday (2:30 PM).
Just last Wednesday evening, the US Federal Reserve had hiked the key interest rate by 25 basis points while simultaneously signaling another rate step by the end of the year.
