Cryptocurrency markets are ending the week with solid momentum in wake of the SEC’s approval of spot Ethereum ETFs and, in wake of Bitcoin (BTC)’s recovery back to the $69,000 level, traders are hunting for the best crypto to buy now for quick gains.
That cryptocurrency could be Ethereum (ETH). Ethereum is up over 20% this week, but last trading in the $3,700s, remains stuck below its March highs.
It also still remains well below its 2021 highs near $4,900. That’s despite the arrival of the most bullish Ethereum narrative in years.
When spot Ethereum ETFs go live, that will open the door to a flood of new demand from institutional investors.
The ETF approval is cool, but it's not *actually* a use case for Ethereum, it's just opening Ether to traditional finance.
If we're REALLY going to be successful we must work to develop those mass appeal killer apps we used to dream about all day.
— superphiz.eth
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