Aggressive Bull Market Speculation: Ethereum Analytics Findings

Crypto analytics firm Kaiko reports that despite the recent rebound in Ethereum's price, speculation on an Ethereum ETF has yet to take off. While Bitcoin has benefited from the approval of BTC ETFs, ETH has not seen the same level of excitement. However, with the introduction of new scaling solutions and successful projects, Ethereum is establishing its own narrative. Derivatives data analysis also indicates that recent Ethereum price movements have been driven by spot markets rather than futures markets, suggesting that traders are not positioning themselves for an ETH ETF.