Global #Ether

Arthur Cheong, the founder and CEO of DeFiance Capital, predicts that Ether's price could surge to $4,500 before the first spot Ether exchange-traded funds (ETFs) receive official approval.

The recent approval of spot Ether exchange-traded funds (ETFs) by the SEC on May 23 didn't extend Ether's recent rally, which saw a roughly 25% increase last week. However, it's noteworthy that the regulatory green light didn't prompt a sell-off either, suggesting that bullish sentiment for ETH hasn't waned significantly.

Ethereum (ETH) has stood out amidst a downturn in the overall crypto market, thanks to the recent approval of eight spot Ether exchange-traded funds (ETFs) by the SEC. This approval has reignited investor enthusiasm and positivity.

Around $2.7 billion worth of Bitcoin and Ether options are scheduled to expire on May 24, offering valuable insights into market sentiment within the crypto sphere.

In a significant ruling this year, the United States Securities and Exchange Commission (SEC) has approved the introduction of spot Ether exchange-traded funds (ETFs) in the country.

Bitcoin's recent surge of 14% over the past week to $69,887 has led traders to believe it could signify a significant market pump, with expectations of another correction not emerging until it reaches $90,000.