🚀📅 Big week for #Ethereum! SEC decision on VanEck's spot ETH ETF due on May 23, setting the tone for other issuers like Ark 21Shares, Hashdex, Grayscale, and more.

🔍 SEC needs to approve 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch. Could they slow play the S-1s? It's possible.

🗳️ Five SEC Commissioners, including crypto-friendly Gensler, Pierce, and Uyeda, will vote. Will Gensler's vote tip the scales?

💰 ETH price could pump if approved, but consensus leans towards rejection. Yet, some analysts believe the ETH bottom is in and spot ETFs will eventually get approved.

📉 ETH prices slightly down, hovering around $3,100. SEC approval could trigger a quick rise to $3,500 and beyond.

What's your take? Will we see a green or red day for ETH? 💚❤️ #DeFi #CryptoNews