Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.
Well if thats the forecast then expect some good market condition for eth as weve seen eth move faster than anticipated. Eth will likely to stay as it is as many lsdifi taking advantage of it. Most of the eth supply or circulation are indeed in these projects like eigenlayer and some dapps. This limits the sell pressure on that part contributing to a more healty eth movement.