Bitcoin has taken that major step forward with ETF approval therefore it is logical to accept others will be approved too. Ethereum is extremely centralised, everything you do with trading, NFTs to tokens and anything in between can be analysed with ease therefore it will appeal to the SEC. I think it will be approved in May (otherwise sometime before the end of the year).
Eric Balchunas' prediction of a 70% chance of the SEC approving an Ethereum spot exchange-traded fund (ETF) in May has sparked significant interest and speculation within the cryptocurrency and investment communities.