Ether (ETH) last traded above $4,000 on March 14, over two months before the Ether spot exchange-traded fund (ETF) approval by the United States Securities and Exchange Commission on May 23. Traders are questioning whether the bullish momentum has faded and, if not, what might drive a sustained rally above $4,000. Spot spot Ether ETF launch was less than optimal Part of investors’ lack of enthusiasm can be attributed to the cryptocurrency market’s underwhelming performance. The current sector’s total capitalization is $2.42 trillion, which is 16.5% below the 2024 peak of $2.82 trillion on Marc…