Ethereum has been on a rip recently. Just over the past seven days ETH prices have surged 20 percent from just over $200 this time last Tuesday to $250 today. The fabled golden cross could signal greater upwards movement as the uptrend has now been confirmed.
Many had expected crypto markets to tumble following a negative announcement from the US SEC yesterday regarding the VanEck ETF proposal. The most likely outcome actually materialized, which was a further delay by the lethargic regulators who continue to drag their feet with anything crypto related.