SEC’s Potential Approval of ETH ETFs Could Trigger Ethereum Price Rally, Says Matrixport

Recently, Matrixport indicated that the SEC might approve Ethereum ETFs this week, potentially leading to a rebound in ETH prices. Matrixport’s previous report on Bitcoin ETF approval had caused a price drop, raising interest in the implications for Ethereum. Historical data shows that Ethereum’s price surged by 20% following SEC’s guidance to revise ETF applications