Ethereum Taps $2,546 as ETF Cash and Shorts Fuel the Fire

AI Summary Ethereum (ETH) surged 29.8% higher over the past seven days, smoking bitcoin’s 22.9% gain as returning exchange-traded fund (ETF) buyers, squeezed shorts, and a shrinking pile of readily tradable coins drove ETH to a weekly high of $2,546 on Saturday afternoon. ETH was trading around $2,435 late Saturday at 5 p.m. EDT after cooling from […] fulltext: 348 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/crypto-news/ethereum-taps-2546-as-etf-cash-and-shorts-fuel-the-fire/ Source: Bitcoin.com News