Ethereum (ETH) has once again found itself at the center of attention, but this time, it’s not for its ground breaking technology or innovative applications. Instead, Ethereum’s recent price drop of 10% has sent shock waves through the crypto currency market, raising concerns among investors and traders alike. At the heart of this turmoil lies the Securities and Exchange Commission’s (SEC) reluctance to approve spot Ethereum exchange-traded funds (ETFs), leaving the fate of ETH hanging in the balance and the market in a state of uncertainty.·
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