Ethereum broke through $3,000, and the news had some impact on Ethereum's trend, but this was also the time for Ethereum to increase its position again. Grayscale took a surprising move and withdrew its 19b-4 application for Ethereum (ETH) futures exchange-traded fund (ETF), just three weeks after the securities regulator was forced to make a decision. The cryptocurrency asset management company submitted a notice to the U.S. Securities and Exchange Commission on May 7 to withdraw the Grayscale Ethereum Futures ETF. This news has had some negative effects on Ethereum's short-term trend.