"Ethereum ETFs Set to Shake Up Crypto Market This Summer"

Analysts predict that the SEC could approve Ethereum ETFs' S-1 registration statements within 2-3 months, potentially by July. This approval could lead to significant outflows from Grayscale's Ethereum Trust (ETHE), similar to the outflows seen in Grayscale's Bitcoin Trust (GBTC) after spot Bitcoin ETF approval. However, some analysts believe that Grayscale's low-fee Mini Trust could mitigate these outflows. Meanwhile, Ethereum's price shows signs of a potential pullback based on technical indicators.