The price of ETH could see more positive moves if the Ethereum ETF approval rumors turn out to be true.His confidence seemed to be bolstered by the recent actions of several ETF issuers, such as VanEck and 21Shares, who submitted amended registrations in the past week, in the hope of securing the SEC’s approval to list spot
Geraci’s belief reflected a broader sentiment in the crypto community that the regulatory environment was ripe for another ETF approval.According AMBCrypto’s analysis of the Social Dominance via Santiment, its highest point in the last two weeks was about 11%. Thus, of all crypto-related conversations during that period, Ethereum was part of 11%.
This marked its highest price point in almost two weeks and positioned it near its short moving average .