Ethereum May Have Ignited the Rising Fuse with ETF: The Momentum is Just Beginning!

While social media interest for Ethereum (ETH) is exploding, it is stated that the upward momentum has only just begun.

According to a post shared by on-chain data platform Santiment via Twitter on July 24, social volume for Ethereum, Spot, and ETF-related keywords reached historical highs.

Over the last 24 hours, the rate of Ethereum (ETH) versus Bitcoin (BTC) increased by 3.4%. This increase comes after the U.S. Securities and Exchange Commission (SEC) approved forms allowing Spot Ethereum ETFs to be listed on exchanges.

This decision has created great optimism in the cryptocurrency market, and investors think that Ethereum will perform even stronger in the coming period and the upward momentum has just begun. Interest in this issue is also increasing on social media platforms, and analysts predict that ETH will continue to rise. Ethereum's future performance will determine whether this positive sentiment in the market will continue.

According to CoinGecko data, the Ethereum price is at $3,459 at the time of writing.