🟢A trader predicts that the second half of this year will be favorable for the Ethereum ecosystem, citing several factors that could drive ETH’s value upward in the coming months.
🟢Firstly, the regulatory scrutiny on Ethereum has largely subsided. According to the expert, SEC Chair Gary Gensler has exhausted his regulatory measures against Ethereum. With the launch of spot ETH ETFs, regulatory pressure will no longer pose a threat. The approval of these ETFs has clarified Ethereum’s status as a commodity rather than a security.
🟢Secondly, the resolution of the SEC’s case against Consensys, the company behind the MetaMask wallet, will act as another growth catalyst. Lastly, the anticipated reduction in U.S. interest rates is expected to further boost Ethereum’s prospects.
🟢VivekVentures foresees a powerful rally for Ethereum in the market, although the trader did not specify the extent of the expected price increase.