Recommended reading this evening: 1. Founder of Pantera Capital: How soon will there be a strong bull market in the future? ;2. How do funds flow in Bitcoin, Ethereum and altcoins? ;3. 12 thoughts on Ethereum L2;

BloFin’s Griffin Ardern said that options traders may purchase ETH in the spot/futures market to hedge short positions in call options, thus adding to the bullish momentum.

The market is digesting the news that the SEC rejected the first batch of spot Ethereum ETF applications.

Analysts predict Bitcoin to surge to $88,000, although the current price is slightly lower, the market remains optimistic. Additionally, Ethereum shows strong performance, but analysts maintain a cautiously optimistic stance regarding the approval of the Ethereum spot ETF.

On-chain data and several cryptocurrency analysts indicate that Ethereum price could reach the $5,400 level sometime in 2024.

Analysis of EigenLayer and LRT rising to $10B TVL and future impact on Ethereum

Eclipse: The first SVM Layer2 to combine Ethereum security, Solana performance, and Celestia DA Narratives.

SEC delays Ethereum ETF decisions again, analysts doubt approval. ETH price dips to $3,150. Grayscale seeks shareholder approval for staking in ETF.

ETH Dominates Discussions: Ethereum leads in community engagement, driven by Hong Kong's ETF approval. Despite price setbacks, analysts stress $2,800 and $3,040 levels for bullish momentum.

An Ethereum futures ETF is an investment fund that tracks Ethereum futures contracts rather than Ethereum itself.