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Ahead of the imminent launch of spot Ether ETFs in the next two months, Ethereum bulls are reasserting their dominance, with Ethereum (ETH) up 5% to $3,957 in the past 24 hours for a market cap of $469 billion.

In addition, Ethereum's daily trading volume has seen a significant increase, reaching nearly $17 billion with an increase of 68%.

With the 5% increase in the value of Ethereum, the gas fee on this network has also increased a lot.