🎉SEC gives the green light to Ethereum ETF, but Ether's price doesn't seem to be partying!🎈Despite the hype, ETH failed to hold above $3,800 on May 24, surprising many as it had been trading at $3,943 just two days prior. 😲

The culprit? Some point to the SEC's delay in approving individual S-1 statements, stagnant network growth, high transaction fees, and US regulatory uncertainty.

The ETF approval triggered a 23% rally on May 20, but Ether remains 24% below its all-time high of $4,868 from Nov 2021. Meanwhile, Bitcoin is just 7% below its all-time high from March 2024. 📉

Ethereum's network metrics show no signs of improvement, with a lack of growth in DApps volumes and deposits. The total value locked in the Ethereum network declined by 6% after peaking on May 16.

So, what's next for Ethereum? Share your thoughts in the comments below! 🤔💭