The crypto market is in today’s form because the United States has fresh speculation about an atherium ETF approval. Ethherium increased by more than 6% over the last day, traded over $ 3,500 for the first time of the week. Bitcoin also gained speed and climbed back to $ 63,000.
Analysts believe that if the Etarium -ETF gets a green light, it can open floods for institutional investments just like Bitcoin ETFs earlier this year. Oncased data shows a spike in whale activity, with large wallets accumulating ETHS continuously in the last 48 hours.
However, not all are boom. Some experts warned that the rally could be fuel with rumors. SEC has not yet provided any official announcement, and the delay is still possible.