Ethereum experienced a significant price surge of 6.5% during the U.S. trading session on Monday, reaching $2,630. This increase is a part of a broader market uptick.
The notable recovery in Ethereum's value could be triggered by the launch of Australia's first Ethereum spot ETF, known as IETH, on the Chicago Board Options Exchange (Cboe).
This rising ETH price is anticipated to recover the losses encountered in late September, indicating positive momentum in the market.
