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Ethereum follows crypto market in correction move as Van Eck sees ETH ETF disapproval

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Ethereum (ETH) is expected to see a price increase in the coming weeks, considering the upcoming Bitcoin (BTC) halving and a potential spot ETH approval.

Van Eck's CEO says Ethereum ETFs are less likely to be approved in May because the SEC has remained silent. Following the crypto market correction, Ethereum is down 3.8% as ETH's long liquidations have topped Bitcoin's. EigenLayer's launch on Ethereum Mainnet could add momentum to DeFi's liquid restaking boom. Ethereum is expected to see a price increase in the coming weeks, considering the upcoming Bitcoin halving and a potential spot ETH approval.

56 billion in total value locked since its launch. With its Mainnet launch, Ethereum may experience increased restaking activity in addition to the boom of liquid restaking tokens already making waves on its blockchain. EigenLayer also launched the EigenDA, an actively validated service that aims to address Ethereum's data availability problems by ushering in an era of cost-effective scalability.

 

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