$ETH Today, the cryptocurrency market is experiencing an impressive rebound, notably led by Ethereum, which has recorded an increase of over 10%. This surge is attributed to rumors of an imminent approval of a spot Ethereum ETF in the United States, which has rekindled the interest of institutional investors.

Other altcoins like Solana, Cardano, and Avalanche are also showing solid gains between 4% and 8%. This upward momentum is supported by an improvement in the global economic climate, a growing adoption of blockchain solutions, and a massive return of trading volumes on major platforms.

Investors see this as a strong signal of a new bullish cycle. However, caution is still recommended, as the inherent volatility of the crypto market can quickly reverse the trend. In the meantime, this day marks a resurgence of optimism for the entire crypto ecosystem.