Hype Around Potential Ethereum Approval is Growing
๐ In Twitter reports that #StandardChartered predicts the approval of #SpotETFs for Ethereum this week, with an influx of $45 billion in capital over the year.
๐ Additionally, there is information about an SEC request to NASDAQ and CBOE #exchanges to make amendments to their ETF applications.
โ๏ธ There are increasing arguments in favor of approval, but let's not lose our heads. The Bitcoin ETF saga was full of fakes, and this could repeat. ๐ง In case of a positive decision, $ETH could break the $4,000 price ceiling and easily reach ๐ $5,000 on momentum. However, if the ETH ETF is rejected, Ethereum's price could fall back to the $3,000 level or even lower.
