Ethereum price struggles to cross $2,000, amid low volatility.
SEC’s Spot Bitcoin ETF delay has severely affected the crypto market.
Ethereum, the second-largest cryptocurrency by market capitalization has shown relatively neutral momentum. Currently priced at $1,850, it is yet to breach the $2,000 mark, a level achieved two weeks prior. This came after a partial win for Ripple in the SEC lawsuit, which was short-lived.
Examining the past month, Ethereum experienced a decline of 1.83%, reflecting a downturn in its trajectory. However, in the last week, the cryptocurrency demonstrated resilience in the face of the US Consumer Price Index (CPI) release, leading to a modest 0.18% surge. Despite these recent shifts, Ethereum remains 62.18% away from its all-time high (ATH) set two years ago on November 16, 2021.
Looking at the domain of Exchange Traded Funds (ETFs), there are presently 14 active futures-based ETH ETF filings in the US. With the first verdict expected around October, th
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