Ethereum Soars 50% in One Month: ETFs Fuel Bullish Sentiment

Ethereum has experienced a dramatic surge, rising by over 50% in just one month to reach an all-time high of $2,713. This explosive growth is fueled by growing optimism around the potential approval of ETF staking in the U.S. market. The anticipated SEC approval for these Ethereum ETFs could soon launch the platform into a new era. Could this be the beginning of a true turning point for the second-largest cryptocurrency globally? 27% of the total ETH supply is currently staked, representing nearly 33.8 million tokens. This has fueled speculation about a potential surge in ETF investments. Meanwhile, Ethereum’s price remains closely tied to the regulatory landscape surrounding ETFs, making investors wary of any unforeseen developments.