On Monday, ethereum (#eth‬ ) peaked at $3,839.10 per coin, fueled by rumors circulating on social media and forums about the possibility of the SEC approving multiple spot ETH ETFs. As reported by Coindesk, exchanges have been instructed by the SEC to promptly update their 19b-4 filings.

Furthermore, Bloomberg analysts Eric Balchunas and James Seyffart raised their approval rating forecast from 25% to 75%.