🚀 ETH prices are soaring, hitting a high of $3,700! 🎉 This 20% leap, the biggest in a year, is fueled by hopes that the US SEC will greenlight VanEck's spot ETH ETF on May 23.

The crypto market is riding the wave too, with total cap up 8.6% to $2.74 trillion. Bitcoin's also closing in on its all-time high, reaching $71,600.

Analysts are optimistic, with Bloomberg's ETF experts upping approval odds from 25% to 75%.

BlackRock, Fidelity, and Grayscale are among the 10 issuers vying for America’s first spot Ethereum ETF.

Meanwhile, Prometheum's launched an Ethereum custody service, treating ETH as a security.

What's your take? Will the ETFs get the nod, and can ETH top $4,000 this week? Let's chat below! #ETH #ETFs #CryptoMarket