#ETHETFsApproved
Q3 could be the most bullish month for Ethereum (ETH) as multiple factors align to support upward momentum. Historically, Ethereum has shown strong performance during Q3 due to increased developer activity, DeFi growth, and network upgrades. The anticipated ETH ETF approval in the U.S. could inject institutional interest and liquidity into the market. Additionally, layer-2 scaling solutions like Arbitrum and Optimism continue to enhance network efficiency, attracting more users and developers. The recent deflationary pressure from EIP-1559 and high staking participation are reducing circulating supply, creating potential for price appreciation. If Bitcoin stabilizes or leads a recovery, ETH is likely to follow or outperform. With increasing on-chain activity and market optimism, Q3 sets up a favorable environment for ETH to rally, possibly retesting or surpassing previous all-time highs.
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