Ethereum (ETH) Surges Ahead with ETF Buzz and Layer 2 Growth
Ethereum (ETH) is back in the spotlight as speculation heats up around a potential spot ETF approval in the U.S., driving bullish sentiment across the crypto market. The world’s second-largest cryptocurrency has also seen a surge in activity on its Layer 2 networks like Arbitrum and Optimism, boosting scalability and reducing transaction fees. With Ethereum's recent Dencun upgrade, data availability and efficiency have improved, attracting more developers to build on the network. Institutional interest is growing rapidly, and ETH’s role in powering DeFi, NFTs, and Web3 continues to solidify its dominance. As Bitcoin's momentum lifts the market, Ethereum is positioning itself for a strong breakout. Analysts say that if ETF approval materializes, ETH could challenge its all-time high sooner than expected, making it a hot pick for both retail and institutional investors.
