ETHE is trading at $21.98 (+3.58%) as ETH gained roughly 2%–3% overnight and briefly moved above $2,700.

  • Renewed ETF demand, short covering, and improving institutional interest are supporting the sector.
  • U.S. equity futures are higher, while crypto markets recover despite the Federal Reserve’s recent rate hike.
  • Reports of SEC tokenization exemptions and Ethereum’s upcoming Glamsterdam upgrade provide additional sector support.