Ethereum Surges Amid ETF Hopes as Market Rebounds
The crypto market saw a sharp upswing this week, led by Ethereum ($ETH ), which jumped over 12% in 24 hours on renewed optimism over a potential spot ETH ETF approval in the U.S. by the SEC. Market analysts believe the regulatory green light could come as early as next month, mirroring the success of Bitcoin ETFs earlier this year.
Bitcoin (BTC) also gained traction, climbing back above $67,000, while altcoins like Solana ($SOL ) and Avalanche ($AVAX ) posted strong double-digit gains. The total crypto market cap rose above $2.7 trillion, reflecting increased investor confidence and institutional inflows.
Meanwhile, Hong Kong regulators approved retail trading for several tokens, signaling broader global acceptance. In contrast, the U.S. SEC intensified scrutiny of smaller projects, highlighting the ongoing regulatory divide.
Traders are watching closely as the next Federal Reserve meeting approaches, with interest rate decisions likely to impact short-term momentum.
As the market recovers from a volatile April, sentiment appears to be shifting back to bullish — especially if Ethereum ETF approval becomes a reality.
The market reacted swiftly. Ethereum posted double-digit gains in 24 hours, pulling other major altcoins higher. Solana, Avalanche, and Chainlink saw 8–12% gains, fueled by renewed investor optimism and increased trading volume. The ETH/BTC ratio also rose, reflecting stronger confidence in Ethereum’s near-term outlook.
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