Ethereum's price spiked above $3,600 after rumors that the SEC has asked ETF applicants to resubmit filings. Trading volumes exceeded 200% in the past day as sentiment turned bullish on a potential ETF approval, similar to what happened in January for Bitcoin ETFs. ETH's market cap increased by half of Solana's in just 3 minutes during the spike, creating the largest ever daily candle. If approved, ETH could quickly reach $4,000-$5,000 by year's end. Without approval, prices may retrace to $3,000.
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00:00 It's Benzinga and here's what's on the block.
00:02 Ethereum's price spiked above $3,600 after rumors that the SEC has asked ETF applicants
00:08 to resubmit filings. Trading volumes exceeded 200% in the past day as sentiment turned bullish
00:14 on a potential ETF approval, similar to what happened in January for Bitcoin ETFs.
00:19 ETH's market cap increased by half of Solana's in just 3 minutes during the spike,
00:23 creating the largest ever daily candle. If approved, ETH could quickly reach $4,000-5,000
00:28 by year's end. Without approval, prices may retrace to $3,000.
00:32 For all things money, visit Benzinga.com.
00:35 [BLANK_AUDIO]