May 23 marks a crucial milestone for Ethereum as an important ETF decision looms. The prevailing consensus among experts is that the
SEC
is unlikely to grant approval for the spot Ether ETF in the coming month. This pessimistic outlook is already evident in the price, which has dipped below $4,000. Anbessa has emphasized that the potential approval or rejection of an ETH ETF could have a significant impact on the market.
