The crypto market is buzzing as Ethereum ($ETH ) experiences a sharp rally, gaining over 18% in the past 48 hours following reports that the U.S. Securities and Exchange Commission (SEC) has asked exchanges to update filings for Ethereum spot ETFs. This move, widely interpreted as a softening stance by the regulator, has reignited investor optimism.

ETH broke above the $3,600 mark for the first time in weeks, with bulls eyeing the $4,000 psychological barrier. Industry analysts suggest that an Ethereum ETF approval could mirror the #bitcoin ETF impact seen earlier this year, potentially unlocking billions in institutional inflows.

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