For Ethereum (ETH), the approval of the ETF is very important. As the SEC Chairman said, this approval is a vote of confidence in the crypto industry for investors.
So, we can now see that ETH has a steady upward trend, but before breaking through the $4,000 barrier, there may be a period of active speculation, and the price will fluctuate between $3,700 and $3,970.
In addition, Ethereum (ETH) easily broke through the $4,000 barrier and may soon reach $4,500, because in fact $4,000 does not put any pressure on Ethereum.
In any case, all the news of the approval of the ETH ETF is very positive for the cryptocurrency industry, especially before the upcoming exchange season, when we may see a new rise.
