FreshForex analysts note that Ethereum (ETH) has once again become the center of attention in the crypto community.

Factors that contributed to the increased interest in ETH:

Breakthrough with ETFs: The SEC's decision to approve 8 applications to launch spot Ethereum ETFs from giants of the investment world such as BlackRock and Fidelity opens up new prospects for crypto investing. The Ethereum ETF is expected to attract significant investment – between $5 billion and $8 billion.

Successful network upgrade: The recent upgrade of the Ethereum network, known as Dencun, has brought significant improvements in scalability and security. These changes make the Ethereum network even more attractive to developers and users, encouraging further growth.

Analyst predictions: Experts agree that the ETF approval and a successful upgrade of the Ethereum network could significantly impact the price of the second most capitalized cryptocurrency and stimulate a new "altcoin season" similar to the one that occurred after the approval of the Bitcoin ETF.

"These factors create an optimistic outlook for Ethereum and cryptocurrencies in general, attracting the attention of investors and developers," the crypto experts summarized.

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