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.
I'm also optimistic that Ethereum ETF can be approved by SEC this May, this is because Bitcoin ETF has paved the way for this to happen, therefore Ethereum, don't need to go through the hurdles that Bitcoin went through before it's approval. So based on this speculation I'm not surprised that Ethereum, is gradually pumping now, Bitcoin price also started pumping when it was nearing the time before it's ETF was approved. Ethereum is second only to Bitcoin and I believe that it's not too late for investors to start buying Ethereum now, because I see it hitting past the $5 target that many observers predicting.