Ethereum is the second largest cryptocurrency and the ancestor of altcoins, introduced by Vitalik Buterin in 2015. It is a decentralized and open source blockchain platform.
Ethereum price increased by 17.88% in the last 24 hours and was among the highest risers of the day. Bloomberg ETF analysts Eric Balchunas and James Seyffart, known for their successful forecasts in the Bitcoin ETF process, announced that the probability of Ethereum ETF applications being approved increased from 25 percent to 75 percent after the latest developments. The development may cause a positive increase in the Ethereum price.
