Ethereum spot ETF approval may drive ETH up 60%
QCP said the forecast reflects the market reaction after the Bitcoin ETF spot was approved in January.

QCP said the forecast reflects the market reaction after the Bitcoin ETF spot was approved in January.
Ethereum (ETH) faces a decline against Bitcoin (BTC), reaching its lowest point since May 2022, influenced by fake ETF approval news and Bitcoin's outperformance. ETH's short-term dominance hinges on SEC decisions.
Scroll, a layer 2 protocol on Ethereum, has seen significant growth recently based on several usage metrics. This is likely related to increased interest driven by Scroll's Origins NFT reward program.
Frax Finance: Stablecoin hedging inflation, supporting a stable digital currency ecosystem.
On February 21st, 2023, LayerZero launched a bridge between mainnet ETH and Goerli testnet ETH.
Ethereum's Zheijang testnet will launch on Feb. 1, 2023 to pave the way for testing withdrawals of staked ETH and several other performance-related improvements.
Ethereum Foundation removes the estimated withdrawal timeframe for staked ETH.
ETH is recording a dramatic drop in the number of new addresses created per day, signaling a possible price correction.
According to a survey conducted by Finder.com in December, the U.K. ranked third in the world for ethereum adoption, while overall cryptocurrency adoption rose by just 1%.
In an immediate response to rising fiat inflation, Russia's central bank doubled its key interest rate on Monday to 20 percent from 9.5 percent.