Ethereum Tests $3,700 Ahead of SEC Decision on Spot ETFs

— Ethereum price jumps nearly 24%.

— Asset tested $3,700.

“This occurred in anticipation of the SEC's decision regarding spot ETFs.

— Experts have significantly increased the chances of approval.

“However, the SEC may compromise.”

On May 21, 2024, Ethereum price tested the $3,700 level, according to TradingView. Prices rose amid positive expectations surrounding the US Securities and Exchange Commission (SEC) decision regarding asset-based spot ETFs.

At the time of writing, the coin is trading just below this level. The increase per day from May 20 to May 21, 2024 is almost 24%/

A similar situation can be seen on the Ethereum price chart in bitcoin. However, in this case, the increase is slightly lower in percentage terms, which can be explained by the growth of the first cryptocurrency. #Ethereum