According to the recent SEC filing you all know, ETH is now a commodity -
highlight: according to the SECIs there still a chance that some other force (e.g. congress) will overthrow SEC's right to make this decision?
(Source: SEC mentions ETF funds as Commodity-Based Trust Shares:
https://www.sec.gov/files/tm/lk87adfs99.pdf )
It's very possible to rectify their description of ETH and can overthrow the decision of SEC. Everything is in paper so if there will be changes, they can do it in paper as well. But right now, I don't think that we'd see that anytime soon because it's just getting started. But if they're going to change their description of ETH as a security instead of a commodity, there will be for sure a lot of impact to its price.