Ethereum [ETH] created much buzz in the crypto space in the recent past when the US SEC gave approval to ETH ETFs.
created much buzz in the crypto space when the US Securities and Exchange Commission gave approval to ETH ETFs. Though ETH’s price didn’t turn bullish after the approval, things could change in the coming days.Before ETFs got approval, there was much anticipation and hype around it. During that time, ETH’s price action also turned volatile in a northward direction.
As per the tweet, approximately 777,000 ETH, which was valued at about $3 billion, have been withdrawn from crypto exchanges since the ETF approval. This indicated high buying pressure, which might also have a positive impact on the token’s price.
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