In the cryptocurrency market, the news of the week is the significant appreciation of some altcoins and the possible approval of an ETF based on Ethereum in the United States, which has boosted the price of the second largest digital currency by market capitalization.

Ethereum (ETH) has seen an impressive 18% increase in the last 24 hours, reaching the milestone of $3,636.73. This increase is closely linked to expectations generated by the US Securities and Exchange Commission (SEC), which, according to rumors, would be close to approving an ETH spot ETF. In January of this year, the SEC had already given the green light to 11 Bitcoin ETFs, but was hesitant about the Ethereum equivalent.

In addition to Ethereum, other cryptocurrencies are also experiencing significant appreciation. Uniswap (UNI) saw its value rise 20%, reaching US$9.30. Meanwhile, Solana (SOL) approaches an important point of resistance, with an increase aimed at the US$190 mark. On the other hand, the lesser-known PepeCoin (PEPE) registers an increase of almost 22%, indicating a possible attempt to reach the $0.000011 resistance.

These market movements are notably driven by the performance of Bitcoin (BTC), which has reached the $70,000 mark, triggering a series of sell-offs and growing optimism in the market. If Bitcoin manages to maintain a close above this mark, experts speculate that the next target could be $73,000.

The anticipation surrounding an Ethereum ETF adds a layer of optimism to the market, especially after the SEC showed openness to innovation with the approval of Bitcoin ETFs earlier this year.