Ethereum gains 5% in 24 hours: Start of post-ETF approval pump?

ETH has come within $70 of the psychological $4,000 price level during early trading on May 27.

The price of Ether (ETH) is closing in on $4,000 during early trading on May 27, rising 5% over the past 24 hours and prompting hope it could be the beginning of Ether’s post-ETF approval pump. 

The asset gained almost 5% on the day to hit an intra-day high of $3,930, according to Cointelegraph data — ETH also tapped a similar price just days ago when spot Ether ETFs were first approved on May 23.

This has given ETH a 27.5% gain over the past week, eclipsing Bitcoin (BTC), which has gained just 3.8% in the same timeframe.

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