$ETH Future**

As we approach **May 2025**, Ethereum ($ETH) stands at a critical juncture. Here’s what traders and investors should watch closely:

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### **1. Post-ETF Impact: Institutional Demand in Focus**

- **If approved in early 2025**, spot Ethereum ETFs could drive **fresh capital inflows**.

- Watch for **grayscale-style outflows** (like BTC in 2024) or sustained accumulation.

- Key metric: **CEX vs. DEX liquidity shifts**—will ETFs drain exchange reserves?