Analysts Predict Imminent Ethereum Bull Run Despite Short-Term Struggles

Analysts Predict Imminent Ethereum Bull Run Despite Short-Term Struggles
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Kaiko Research has stated that the approval of spot Ethereum ETFs is a highly positive sign for ETH’s long-term growth despite potential short-term struggles. 
The on-chain analysis firm believes the approval has removed much of the regulatory uncertainty around ETH and its status as an asset class. 
ETH Bull Run Imminent 
Ethereum saw a significant development last week after the United States Securities and Exchange Commission (SEC) approved spot Ethereum ETFs. The decision came following the approval of 19b-4 filings from major exchanges, including Cboe, NYSE, and Nasdaq. This step comes before the review of S-1 forms from various ETF issuers such as VanEck, BlackRock, and Fidelity. Once the S-1 forms are approved by the SEC, ETH ETF trading can begin. According to Will Cai, the head of indices at Kaiko, the approvals mean the SEC implicitly states that ETH without staking is a commodity. 
“With these approvals, the SEC implicitly stated that ETH (without stakin

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