📰 The U.S. Securities and Exchange Commission (SEC) officially approved eight spot Ethereum ETFs, marking a major milestone for the entire crypto industry. The decision boosted institutional investor confidence and triggered a short-term rally in Ethereum’s price to $3,915.
 

However, despite the positive momentum, ETH failed to break through the psychological $4,000 level — prices stabilized around $3,700. Analysts attribute the pullback to profit-taking following the news.
 

💡 Why it matters:
Ethereum is moving closer to being recognized as an "institutional-grade asset" alongside Bitcoin. ETF approval could drive capital inflows and increase interest in other projects within the ecosystem.