Ethereum needs major facelift
Current market outlook shows that Ethereum’s price has lost more than 11% of its value in the past month alone. Besides this price slump, there has been a relatively more erratic performance within the Ethereum ecosystem as congestion challenges are yet to abate.
Ethereum ETF – Is approval in view?
The emergence of a spot Ethereum ETF is one major ecosystem boost that the market has been waiting for for a while now. With VanEck and Ark 21Shares’ filings set for final decisions this month, a positive ending would create a major toppling impact on the market.
However, chances of approval are notably low, considering the U.S. SEC is looking at designating Ethereum a security. Speculation is heating up negatively as the odds projected for approval by market experts remain low.
The dynamic network activity growth, however, can help return the coin to its winning ways in the coming weeks.
