ETH/USD exchange rate rose 3.63% to a high of $3,030 intraday. The upward movement amounted to a 14.3% retracement of the pair's week-to-date low of $2,651, indicating that traders sought to maintain their bullish bias despite the possibility of future setbacks. Furthermore, using Chicago Mercantile Exchange (CME) statistics, they also stated that the 21-day average Ethereum Futures premium had risen to 1% over spot ETH prices since August.