Those who spread rumors that ETH has returned to zero, please take a look. Ethereum has risen to 3726 today, and is expected to break through 4200 by the end of December and reach 8000 in September next year.

The recent rise of Ethereum can be attributed to investors' high optimism about Bitwise Asset Management's recent exchange-traded fund (ETF) application.

It is worth noting that the company has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an ETF based on its existing 10 cryptocurrency index fund. The fund was established in November 2017 and is mainly composed of Bitcoin (75.14%) and Ethereum (16.42%), with the remaining assets allocated to cryptocurrencies such as Solana, XRP and ADA.

Most of the cryptocurrencies included in the proposed ETF have soared in the past 24 hours, reflecting the growing market speculation and optimism about the possible approval of the investment product. And further support its rise. Driven by the news, it may continue to rise in recent days.

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