Ethereum (ETH), the cryptocurrency with the second highest market value on the planet, managed to reach US$3 thousand per coin on Tuesday (20/02). This price has not been seen since almost two years ago, namely in April 2022.

The cause of the Ethereum price increase is the market's hope and excitement for the Ethereum Spot ETF. This product is still in the process of being discussed by the US SEC, the capital market supervisory agency in that country.

However, the SEC still has not made a decision and even postponed some of its decisions until mid-year. Meanwhile, the market is still waiting for the price of Ethereum which is expected to soar to US$3,500.