Ethereum Poised for Bullish Surge with Imminent Launch of First Spot Ether ETFs

The Ethereum ecosystem might be entering its most bullish phase with the upcoming launch of the first spot Ether exchange-traded funds (ETFs). This launch is expected to mitigate most of the risks associated with Ether, as noted by Raman in a July 22 post on X: “In hindsight, the second half of 2024 will be the most obvious bullish setup for the Ethereum ecosystem in recent history. Three headwinds that have held ETH back will become tailwinds, starting this week.” ETFs can significantly enhance the value of the underlying crypto asset. For instance, by February 15, Bitcoin ETFs had accounted