The value of Ethereum suddenly spiked in a very short period of time based on rumors that the US Securities and Exchange Commission may approve spot Ethereum ETFs. Many analysts who were previously skeptical now believe there is a 75% chance of ETF approval starting this week. Some also expect additional growth as the Asian market wakes up. MirbInvestments experts believe that this is temporary and unsustainable and that the market may have matured to some extent based on past experience with Bitcoin ETFs but also the ever expanding and colorful crypto space and that in the near future it will become resistant not only to the above type of rumors.
