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Ethereum Soars As Analysts Predict Higher Likelihood of ETF Approval .
Ether's price has surged over 20% to around $3,792 on rumors of potential approval for Spot Ethereum ETFs by US regulators.
Standard Chartered bank is 80%-90% confident that Ether spot ETFs will launch in the US this week, estimating inflows of 2.39-9.15 million ether ($15 billion to $45 billion) in the first year.
Bloomberg Intelligence analyst Eric Balchunas increased his prediction for approval to 75%, up from 25%.Grayscale's Ethereum ETF has surged by 23%, while the entire cryptocurrency market is experiencing a rally.
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