ETHE is trading at $19.93, up +3.59%, as Ethereum gains roughly 2% on September 3, supporting ETHE’s underlying asset exposure.
- Bitcoin is also higher, while softer trade data and constructive equity sentiment are improving risk appetite.
- Fed Governor Christopher Waller suggested rate-hike restraint if inflation cools, helping speculative assets.
- The move appears crypto-led despite recent spot-Ether ETF outflows, including $23.5 million from ETHE on September 2; Middle East escalation remains an offsetting risk rather than the primary catalyst.