Ethereum Price Spikes on Rumors of Potential ETF Approvals
- Ethereum (ETH) has surged 8% in the last 24 hours, outpacing Bitcoin's gains
- The price spike is linked to rumors of potential US approval for Ethereum ETFs
- Investment firms like BlackRock and Fidelity have applied to launch Ethereum ETFs
- Analysts estimate a 75% chance the SEC denies the ETF applications by May
- The ETH price rally comes after a period of uncertainty in the crypto market
