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ETHE - Ethereum: Catalysts In Plain Sight (Rating Upgrade)
Grayscale Ethereum Trust (ETH) - Units
2024-02-01 19:05:35 ET
Summary
Ethereum has not had any significant catalysts since the 2021 NFT hype cycle, and the liquid staking narrative during the transition to proof-of-stake consensus.
The approval of spot Bitcoin ETFs has created anticipation for a spot Ethereum ETF, which could happen sometime this year.
ETH's upcoming Dencun Upgrade synergetically aligns with the potential approval of a spot Ether ETF, setting the stage for better throughput.
ETH, SOL, AVAX Six Month Price Return (July 1, 2023 - January 10, 2024) (Seeking Alpha)
