ethereum etf approved just now

[MrSpasybo]

And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.

The news about the ETH Spot ETF a few days ago really quickly pushed the price of ETH to the $3.8K zone, and for the time being we are witnessing a sideways movement of the ETH price as investors no longer have good news to continue to expect while many other investors want to take profits. It is possible that the approval of the ETH Spot ETF has become a sell-the-news event in the short term, until investors can officially buy the ETH Spot ETF and create enough buying pressure to push the ETH price to a new ATH as happened with the BTC Spot ETF.

To me, the ETH Spot ETF could become the basis for many Spot ETFs based on many other tokens such as XRP or SOL that could be approved in the future, and could also indirectly protect POS tokens future. In the next few months, the ETH Spot ETF could be an important driver for the crypto market to exit the accumulation phase and move deeper into the bullrun and altseason.

[bitterguy28]

The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.

indeed , what i was expecting is that Ethereum ETF will take long at least till next year because of our experience towards how bitcoin ETF struggles to reach the approval but nope, that is far from what happened in Ethereum
but yet nothing change in the price movement staying at below 4k and struggling to break that barricade so the price may move on .

[pmbug]

ETH price moved from USD ~$3000 to USD $3800 when the approval news broke.  The ETH ETFs are not yet actively trading.  The applications are moving through the approval process.  When they actually begin trading, ETH will start seeing upwards price pressure.