"SEC Approval of Ethereum ETFs Sparks Bull Run and Crypto Optimism"
TL;DR Summary
Ethereum's recent bull run is driven by increased activity from whale addresses, particularly in anticipation of the Ethereum spot ETF approval. A notable whale acquired 8,733 ETH at around $3,054.56, resulting in significant unrealized profits. Following the SEC's approval of Form 19b-4, this whale also invested in other Ethereum ecosystem tokens, including Lido DAO. Data shows a rise in the number of addresses holding large amounts of ETH, while staked ETH saw a slight decline. Ethereum is currently trading around $3,790, attempting to establish $3,600 as a support level.
- What’s behind Ethereum’s bull run? Whales, ETF approval, and… AMBCrypto News
- SEC signals possible approval of anticipated Ethereum spot ETFs Fox Business
- Spot Ethereum ETF approval 'may be better for Bitcoin' — Michael Saylor Cointelegraph
- SEC approves rule change to allow creation of ether ETFs CNBC
- TD Cowen says Ethereum ETFs clear the way for more crypto funds The Block
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