Ether Poised to Surge Past $5,000 as Key Indicators Flash Bullish Signals

Ether (ETH) could potentially retest the $5,000 price mark it narrowly missed in 2021 if three long-term indicators continue their current trends, according to one crypto trader. “The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” said pseudonymous crypto trader Blockchain Mane in an interview with Cointelegraph. This optimism follows the United States Securities and Exchange Commission’s (SEC) initial approval of eight spot Ether exchange-traded funds (ETFs) on May 23. Data from TradingView reveals that ETH’s market dominance surged by 19.56% over the past week after reports suggested the SEC was shifting