According to Odaily Planet Daily, QCP Capital released the latest market analysis, and the SEC's decision deadline for the first batch of Ethereum spot ETF applications will arrive this week, including VanEck on May 23 and Ark Invest/21Shares on May 24. Last Friday, the ETH/BTC exchange rate reached its lowest point since February 2021, coupled with low interest in the options market, suggesting that the market expects application rejections or adverse events. ETH has successfully defended the 2900 mark many times this year, forming a strong support. Given the duality of ETH as a store of value and L1 blockchain network, if its spot ETF is approved, it may cause ETH prices to outperform BTC. Given the obvious lack of interest in the market, the risk is that the unexpected approval of the spot ETF will catch everyone off guard, trigger a short squeeze, and allow the market to easily return to recent highs.