Ethereum price failed to moon after the spot ETH ETF approvals. Cointelegraph explains why.
) failed to hold above $3,800 on May 24, which was surprising given that ETH was trading at $3,943 just two days earlier. The market had been uncertain about the approval odds, so the decision, particularly its timing, caught many off guard.Some market participants quickly pointed out that the SEC has not yet approved the individual S-1 statements from each issuer, a process that could take weeks or months.
Despite the hype surrounding the spot ETF approval, Ether remains 24% below its all-time high of $4,868 from November 2021, indicating that the enthusiasm was insufficient to propel Ether's market capitalization beyond the current $445 billion. Notably, Bitcoin is trading just 7% below its all-time high from March 2024, suggesting that other factors are constraining Ether’s performance.
to reduce the information available to MEV developers, either by separating the validation process from the block’s contents entirely or by limiting the block producer's ability to prioritize certain transactions. Despite Vitalik's efforts, a practical solution is unlikely to emerge in the next few months.
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