According to Santiment’s data, the popularity of ETH had soared significantly over the last few days.
There were both bearish and bullish perspectives that can be had around the popularity of the rising interest in Ethereum. Despite SEC dropping the investigation, the fact that it is willing to go after the coin can cause problems for the network. It could also pose a hurdle for the approval of other Ethereum ETFs, a key driver of current interest.
The uncertainty surrounding Ethereum’s regulatory status and its potential limitations act as headwinds for the project.
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